This page reflects WK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — WK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $65.00 (5.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$3.83
±5.5%
Days to Expiry
3
Calendar days
Total Call OI
407
Nearest expiry
Total Put OI
1,291
Nearest expiry
P/C OI Ratio
3.17
Put-heavy
Spot Price
$70.10
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$50.00
6/18/2026, 11:39:47 PM
2026-07-17
$50.00
7/17/2026, 11:40:43 PM
2026-08-21NextUpdated
$65.00
8/18/2026, 11:43:26 PM
2026-09-18
$60.00
8/18/2026, 11:43:26 PM
2026-10-16
$50.00
8/18/2026, 11:43:26 PM
2026-11-20
$50.00
8/18/2026, 11:43:26 PM
2026-12-18
$55.00
8/18/2026, 11:43:26 PM
2027-01-15
$55.00
8/18/2026, 11:43:26 PM
Selected expiration: 2026-08-21 at max pain $65.00.
WK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
4724000
4724000
30
0
4082000
4082000
35
0
3445500
3445500
40
0
2814000
2814000
45
5000
2184500
2189500
50
11000
1564500
1575500
55
20000
1049000
1069000
60
45500
535000
580500
65
83500
22000
105500
70
154500
9500
164000
75
278000
0
278000
80
407000
0
407000
85
606000
0
606000
90
805000
0
805000
95
1006500
0
1006500
105
1409500
0
1409500
110
1611500
0
1611500
115
1813500
0
1813500
125
2217500
0
2217500
130
2420000
0
2420000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.