This page reflects DHT 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 — DHT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $18.00 (1.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.75
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
27,725
Nearest expiry
Total Put OI
6,395
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$19.31
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
$17.00
6/18/2026, 11:11:33 PM
2026-07-17
$17.00
7/17/2026, 11:12:46 PM
2026-08-21NextUpdated
$18.00
8/18/2026, 11:12:31 PM
2026-09-18
$19.00
8/18/2026, 11:12:31 PM
2026-10-16
$18.00
8/18/2026, 11:12:31 PM
2026-12-18
$18.00
8/18/2026, 11:12:31 PM
2027-01-15
$18.00
8/18/2026, 11:12:31 PM
2027-07-16
$22.00
8/18/2026, 11:12:31 PM
Selected expiration: 2026-08-21 at max pain $18.00.
DHT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
4475000
4475000
11
0
3834900
3834900
12
400
3194800
3195200
13
1200
2555000
2556200
14
2000
1915300
1917300
15
3600
1279000
1282600
16
5500
701900
707400
17
19900
297700
317600
18
36900
71600
108500
19
387300
12900
400200
20
1817800
7000
1824800
21
4209300
2000
4211300
22
6685000
0
6685000
23
9164500
0
9164500
24
11646700
0
11646700
25
14130900
0
14130900
26
16616600
0
16616600
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.