This page reflects ZM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — ZM
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $94.00 (11.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$94.00
Nearest expiry
Expected Move
±$3.86
±3.7%
Days to Expiry
4
Calendar days
Total Call OI
24,789
Nearest expiry
Total Put OI
18,174
Nearest expiry
P/C OI Ratio
0.73
Put-heavy
Spot Price
$105.56
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
$91.00
8/7/2026, 11:40:45 PM
2026-08-14
$95.00
8/14/2026, 11:41:51 PM
2026-08-21NextUpdated
$94.00
8/17/2026, 11:46:12 PM
2026-08-28
$98.00
8/17/2026, 11:46:12 PM
2026-09-04
$99.00
8/17/2026, 11:46:12 PM
2026-09-11
$97.00
8/17/2026, 11:46:12 PM
2026-09-18
$90.00
8/17/2026, 11:46:12 PM
2026-09-25
$103.00
8/17/2026, 11:46:12 PM
2026-10-02
$95.00
8/17/2026, 11:46:12 PM
2026-11-20
$90.00
8/17/2026, 11:46:12 PM
2026-12-18
$80.00
8/17/2026, 11:46:12 PM
2027-01-15
$92.50
8/17/2026, 11:46:12 PM
2027-02-19
$105.00
8/17/2026, 11:46:12 PM
2027-03-19
$100.00
8/17/2026, 11:46:12 PM
2027-06-17
$95.00
8/17/2026, 11:46:12 PM
Selected expiration: 2026-08-21 at max pain $94.00.
ZM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
92350250
92350250
42.5
500
83263250
83263750
45
750
78720000
78720750
47.5
1000
74183250
74184250
50
1500
69648000
69649500
55
4000
60591000
60595000
60
8500
51571500
51580000
65
17500
42595000
42612500
67.5
29500
38189500
38219000
70
41500
33853250
33894750
72.5
62500
29812250
29874750
75
83500
25852500
25936000
77.5
211000
22054000
22265000
78
237750
21311150
21548900
79
291250
19825550
20116800
80
344750
18342350
18687100
81
454850
16927450
17382300
82
564950
15519350
16084300
82.5
620050
14823550
15443600
83
685500
14139500
14825000
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.