This page reflects HALO 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 — HALO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $75.00 (29.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$3.48
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
7,012
Nearest expiry
Total Put OI
3,254
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$104.89
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
$65.00
6/18/2026, 11:19:17 PM
2026-07-17
$65.00
7/17/2026, 11:16:04 PM
2026-08-21NextUpdated
$75.00
8/18/2026, 11:16:24 PM
2026-09-18
$70.00
8/18/2026, 11:16:24 PM
2026-12-18
$65.00
8/18/2026, 11:16:24 PM
2027-03-19
$75.00
8/18/2026, 11:16:24 PM
Selected expiration: 2026-08-21 at max pain $75.00.
HALO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
13165000
13165000
40
0
11541000
11541000
45
0
9917500
9917500
60
0
5047000
5047000
65
0
3429500
3429500
70
116000
1820500
1936500
75
258000
286000
544000
80
411000
174500
585500
85
710500
125000
835500
90
2467000
78000
2545000
95
5670500
33500
5704000
100
8902500
11500
8914000
105
12259500
0
12259500
110
15760500
0
15760500
125
26278500
0
26278500
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.