This page reflects HAL 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 — HAL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $33.00 (1.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$33.00
Nearest expiry
Expected Move
±$1.13
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
18,325
Nearest expiry
Total Put OI
20,643
Nearest expiry
P/C OI Ratio
1.13
Put-heavy
Spot Price
$34.66
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
$32.00
8/7/2026, 11:19:37 PM
2026-08-14
$32.50
8/14/2026, 11:16:48 PM
2026-08-21NextUpdated
$33.00
8/18/2026, 11:16:17 PM
2026-08-28
$33.00
8/18/2026, 11:16:17 PM
2026-09-04
$32.00
8/18/2026, 11:16:17 PM
2026-09-11
$35.00
8/18/2026, 11:16:17 PM
2026-09-18
$35.00
8/18/2026, 11:16:17 PM
2026-09-25
$34.00
8/18/2026, 11:16:17 PM
2026-10-02
$33.00
8/18/2026, 11:16:17 PM
2026-10-16
$33.00
8/18/2026, 11:16:17 PM
2026-12-18
$35.00
8/18/2026, 11:16:17 PM
2027-01-15
$32.00
8/18/2026, 11:16:17 PM
2027-03-19
$35.00
8/18/2026, 11:16:17 PM
2027-06-17
$33.00
8/18/2026, 11:16:17 PM
Selected expiration: 2026-08-21 at max pain $33.00.
HAL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
22
0
21060000
21060000
24
0
16932000
16932000
25
800
14868000
14868800
26
2300
12805400
12807700
27
3800
10744100
10747900
27.5
4650
9716750
9721400
28
5550
8689400
8694950
28.5
6700
7666250
7672950
29
7950
6643100
6651050
29.5
11000
5629000
5640000
30
14900
4617850
4632750
30.5
19500
3635050
3654550
31
27150
2675700
2702850
31.5
42450
1770250
1812700
32
183400
1023050
1206450
32.5
336250
828000
1164250
33
509750
645700
1155450
33.5
711300
495400
1206700
34
933950
354600
1288550
34.5
1241050
275250
1516300
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.