This page reflects EH 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 — EH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $6.00 (0.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.62
±11.0%
Days to Expiry
3
Calendar days
Total Call OI
5,005
Nearest expiry
Total Put OI
6,474
Nearest expiry
P/C OI Ratio
1.29
Put-heavy
Spot Price
$5.67
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
$8.00
6/18/2026, 11:15:06 PM
2026-07-17
$7.00
7/17/2026, 11:13:47 PM
2026-08-21NextUpdated
$6.00
8/18/2026, 11:13:50 PM
2026-09-18
$6.00
8/18/2026, 11:13:50 PM
2026-10-16
$7.00
8/18/2026, 11:13:50 PM
2026-11-20
$7.00
8/18/2026, 11:13:50 PM
2027-01-15
$7.00
8/18/2026, 11:13:50 PM
Selected expiration: 2026-08-21 at max pain $6.00.
EH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2611600
2611600
2
100
1964300
1964400
3
400
1317000
1317400
4
1000
669700
670700
5
2300
32400
34700
6
9900
6800
16700
7
71000
2800
73800
8
150800
600
151400
9
244400
400
244800
10
739100
300
739400
11
1234000
200
1234200
12
1733800
100
1733900
13
2234200
0
2234200
14
2734600
0
2734600
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.