This page reflects FRHC 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 — FRHC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $155.00 (5.80 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
±$4.60
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
714
Nearest expiry
Total Put OI
929
Nearest expiry
P/C OI Ratio
1.30
Put-heavy
Spot Price
$160.80
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
$140.00
6/18/2026, 11:12:48 PM
2026-07-17
$155.00
7/17/2026, 11:13:40 PM
2026-08-21NextUpdated
$155.00
8/18/2026, 11:15:49 PM
2026-09-18
$145.00
8/18/2026, 11:15:49 PM
2026-12-18
$140.00
8/18/2026, 11:15:49 PM
2027-03-19
$135.00
8/18/2026, 11:15:49 PM
Selected expiration: 2026-08-21 at max pain $155.00.
FRHC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
3882500
3882500
85
0
3574000
3574000
90
0
3266500
3266500
105
0
2374000
2374000
110
0
2088500
2088500
115
0
1805000
1805000
120
0
1524000
1524000
125
0
1245000
1245000
130
0
969000
969000
135
0
720000
720000
140
0
474500
474500
145
0
254500
254500
150
5000
87500
92500
155
55000
29000
84000
160
180500
21500
202000
165
414000
16000
430000
170
652500
11500
664000
175
930500
8000
938500
180
1217000
5000
1222000
185
1542500
2500
1545000
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.