This page reflects ZS 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 — ZS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $155.00 (30.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$7.64
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
28,636
Nearest expiry
Total Put OI
23,852
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$185.70
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
$152.50
8/7/2026, 11:39:35 PM
2026-08-14
$162.50
8/14/2026, 11:44:46 PM
2026-08-21NextUpdated
$155.00
8/18/2026, 11:41:39 PM
2026-08-28
$170.00
8/18/2026, 11:41:39 PM
2026-09-04
$165.00
8/18/2026, 11:41:39 PM
2026-09-11
$146.00
8/18/2026, 11:41:39 PM
2026-09-18
$160.00
8/18/2026, 11:41:39 PM
2026-09-25
$177.50
8/18/2026, 11:41:39 PM
2026-10-02
$180.00
8/18/2026, 11:41:39 PM
2026-11-20
$155.00
8/18/2026, 11:41:39 PM
2026-12-18
$175.00
8/18/2026, 11:41:39 PM
2027-01-15
$170.00
8/18/2026, 11:41:39 PM
2027-02-19
$115.00
8/18/2026, 11:41:39 PM
2027-03-19
$150.00
8/18/2026, 11:41:39 PM
2027-06-17
$150.00
8/18/2026, 11:41:39 PM
Selected expiration: 2026-08-21 at max pain $155.00.
ZS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
180008600
180008600
65
8500
168097600
168106100
70
33500
156217600
156251100
75
78000
144372600
144450600
80
133000
132579100
132712100
85
201500
120856600
121058100
90
292000
109316600
109608600
95
413500
98075100
98488600
100
550000
87275100
87825100
105
760500
76752600
77513100
110
975500
66453100
67428600
115
1289000
56550600
57839600
120
1624000
47542100
49166100
125
1991500
39530600
41522100
129
2394700
33611400
36006100
130
2496400
32134100
34630500
131
2718800
30813400
33532200
132
2941300
29495300
32436600
133
3164000
28177800
31341800
134
3386700
26867600
30254300
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.