This page reflects XYL 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 — XYL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (6.06 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$2.83
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
4,511
Nearest expiry
Total Put OI
1,899
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$113.94
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
$110.00
6/18/2026, 11:38:27 PM
2026-07-17
$115.00
7/17/2026, 11:41:10 PM
2026-08-21NextUpdated
$120.00
8/18/2026, 11:39:00 PM
2026-09-18
$120.00
8/18/2026, 11:39:00 PM
2026-10-16
$120.00
8/18/2026, 11:39:00 PM
2026-12-18
$130.00
8/18/2026, 11:39:00 PM
2027-01-15
$110.00
8/18/2026, 11:39:00 PM
Selected expiration: 2026-08-21 at max pain $120.00.
XYL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
4711000
4711000
95
0
3762500
3762500
100
0
2817500
2817500
105
0
1886000
1886000
110
0
1220000
1220000
115
4500
586000
590500
120
25500
10000
35500
125
398000
4000
402000
130
2269500
2000
2271500
135
4268500
0
4268500
140
6377000
0
6377000
145
8518500
0
8518500
150
10759000
0
10759000
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.