This page reflects YPF 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 — YPF
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $48.00 (2.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$48.00
Nearest expiry
Expected Move
±$1.65
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
8,322
Nearest expiry
Total Put OI
6,780
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$50.68
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
$45.00
6/18/2026, 11:39:11 PM
2026-07-17
$43.00
7/17/2026, 11:41:43 PM
2026-08-21NextUpdated
$48.00
8/18/2026, 11:38:46 PM
2026-09-18
$50.00
8/18/2026, 11:38:46 PM
2026-10-16
$45.00
8/18/2026, 11:38:46 PM
2027-01-15
$50.00
8/18/2026, 11:38:46 PM
2027-03-19
$45.00
8/18/2026, 11:38:46 PM
2027-05-21
$45.00
8/18/2026, 11:38:46 PM
Selected expiration: 2026-08-21 at max pain $48.00.
YPF pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
37
0
3978700
3978700
38
100
3328600
3328700
39
400
2683300
2683700
40
700
2060400
2061100
41
1000
1710700
1711700
42
1300
1366000
1367300
43
3700
1077900
1081600
44
6100
790900
797000
45
11600
528500
540100
46
79500
315400
394900
47
150400
189200
339600
48
230000
97000
327000
49
340100
43700
383800
50
480300
30000
510300
55
1714300
0
1714300
60
3650800
0
3650800
65
7808300
0
7808300
75
16130300
0
16130300
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.