This page reflects XYZ 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 — XYZ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $79.00 (0.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$79.00
Nearest expiry
Expected Move
±$2.37
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
49,941
Nearest expiry
Total Put OI
34,375
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$79.43
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
2026-08-07
$83.00
8/7/2026, 11:41:07 PM
2026-08-14
$79.00
8/14/2026, 11:43:07 PM
2026-08-21NextUpdated
$79.00
8/18/2026, 11:41:28 PM
2026-08-28
$79.00
8/18/2026, 11:41:28 PM
2026-09-04
$81.00
8/18/2026, 11:41:28 PM
2026-09-11
$80.00
8/18/2026, 11:41:28 PM
2026-09-18
$70.00
8/18/2026, 11:41:28 PM
2026-09-25
$79.00
8/18/2026, 11:41:28 PM
2026-10-02
$65.00
8/18/2026, 11:41:28 PM
2026-11-20
$80.00
8/18/2026, 11:41:28 PM
2026-12-18
$67.50
8/18/2026, 11:41:28 PM
2027-01-15
$70.00
8/18/2026, 11:41:28 PM
2027-03-19
$70.00
8/18/2026, 11:41:28 PM
2027-06-17
$85.00
8/18/2026, 11:41:28 PM
Selected expiration: 2026-08-21 at max pain $79.00.
XYZ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
103673500
103673500
45
1000
86487500
86488500
50
2000
69303000
69305000
55
5500
52121500
52127000
60
14500
34974000
34988500
65
47000
18758000
18805000
66
55300
16844800
16900100
67
63900
14931800
14995700
67.5
68200
13975800
14044000
68
73500
13025950
13099450
69
84500
11295950
11380450
70
95600
9591650
9687250
71
110800
8242050
8352850
72
126200
6896350
7022550
72.5
134050
6230400
6364450
73
144850
5615550
5760400
74
176850
4395450
4572300
75
209450
3660950
3870400
76
275350
2976850
3252200
77
344650
2315450
2660100
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.