This page reflects DHR 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 — DHR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $185.00 (14.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$4.43
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
14,149
Nearest expiry
Total Put OI
8,180
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$199.58
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
$195.00
8/7/2026, 11:11:42 PM
2026-08-14
$200.00
8/14/2026, 11:11:05 PM
2026-08-21NextUpdated
$185.00
8/18/2026, 11:13:13 PM
2026-08-28
$195.00
8/18/2026, 11:13:13 PM
2026-09-04
$195.00
8/18/2026, 11:13:13 PM
2026-09-11
$205.00
8/18/2026, 11:13:13 PM
2026-09-18
$185.00
8/18/2026, 11:13:13 PM
2026-09-25
$140.00
8/18/2026, 11:13:13 PM
2026-10-16
$200.00
8/18/2026, 11:13:13 PM
2026-11-20
$210.00
8/18/2026, 11:13:13 PM
2026-12-18
$195.00
8/18/2026, 11:13:13 PM
2027-01-15
$200.00
8/18/2026, 11:13:13 PM
2027-03-19
$190.00
8/18/2026, 11:13:13 PM
2027-06-17
$180.00
8/18/2026, 11:13:13 PM
Selected expiration: 2026-08-21 at max pain $185.00.
DHR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
66318000
66318000
100
0
58184000
58184000
130
0
33785000
33785000
135
0
29759000
29759000
140
5000
25744000
25749000
145
10000
21751000
21761000
150
15000
17774500
17789500
155
20500
14063000
14083500
160
28500
10497000
10525500
165
49500
8479500
8529000
170
82000
6706500
6788500
172.5
130500
5895250
6025750
175
179000
5088000
5267000
180
508000
3630500
4138500
182.5
819250
2980750
3800000
185
1133750
2426500
3560250
187.5
2198750
1976250
4175000
190
3274500
1554000
4828500
192.5
4454250
1172000
5626250
195
5656000
830250
6486250
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.