This page reflects ARHS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — ARHS
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $9.65 (0.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.65
Nearest expiry
Expected Move
±$0.75
±7.8%
Days to Expiry
1
Calendar days
Total Call OI
6,822
Nearest expiry
Total Put OI
6,128
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$9.65
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
$5.00
6/18/2026, 11:04:32 PM
2026-07-17
$7.50
7/17/2026, 11:05:43 PM
2026-08-21NextUpdated
$9.65
8/20/2026, 11:03:41 PM
2026-09-18
$7.50
8/20/2026, 11:03:41 PM
2026-11-20
$5.00
8/20/2026, 11:03:41 PM
2027-01-15
$9.65
8/20/2026, 11:03:41 PM
2027-02-19
$5.00
8/20/2026, 11:03:41 PM
Selected expiration: 2026-08-21 at max pain $9.65.
ARHS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.15
0
3555395
3555395
2.5
2555
3340915
3343470
4.65
92210
2023395
2115605
5
107085
1809055
1916140
7.15
198890
492395
691285
7.5
236900
381585
618485
9.65
481140
1250
482390
10
530665
1215
531880
12.15
837900
1000
838900
12.5
982310
965
983275
14.65
2448825
750
2449575
15
2687560
715
2688275
19.65
5859790
250
5860040
22.15
7565290
0
7565290
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.