This page reflects H options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — H
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $175.00 (8.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$4.42
±2.4%
Days to Expiry
2
Calendar days
Total Call OI
840
Nearest expiry
Total Put OI
651
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$183.01
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
$175.00
6/18/2026, 11:15:35 PM
2026-07-17
$190.00
7/17/2026, 11:17:03 PM
2026-08-21NextUpdated
$175.00
8/19/2026, 11:18:01 PM
2026-09-18
$175.00
8/19/2026, 11:18:01 PM
2026-11-20
$155.00
8/19/2026, 11:18:01 PM
2026-12-18
$160.00
8/19/2026, 11:18:01 PM
2027-01-15
$165.00
8/19/2026, 11:18:01 PM
2027-02-19
$150.00
8/19/2026, 11:18:01 PM
Selected expiration: 2026-08-21 at max pain $175.00.
H pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
5191000
5191000
90
0
4565000
4565000
95
0
4252500
4252500
100
500
3941000
3941500
105
2500
3638500
3641000
110
4500
3338500
3343000
115
6500
3039500
3046000
120
8500
2745000
2753500
125
10500
2462000
2472500
130
12500
2186500
2199000
135
18000
1925500
1943500
140
23500
1671000
1694500
145
29000
1422000
1451000
150
36500
1180500
1217000
155
56000
942000
998000
160
99000
713500
812500
165
149000
503000
652000
170
206000
307000
513000
175
290000
133000
423000
180
389000
57500
446500
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.