This page reflects HCA 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 — HCA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $390.00 (21.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$390.00
Nearest expiry
Expected Move
±$10.10
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
7,867
Nearest expiry
Total Put OI
12,731
Nearest expiry
P/C OI Ratio
1.62
Put-heavy
Spot Price
$411.73
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
$420.00
6/18/2026, 11:17:03 PM
2026-07-17
$405.00
7/17/2026, 11:18:41 PM
2026-08-21NextUpdated
$390.00
8/18/2026, 11:16:42 PM
2026-09-18
$400.00
8/18/2026, 11:16:42 PM
2026-10-16
$400.00
8/18/2026, 11:16:42 PM
2026-11-20
$400.00
8/18/2026, 11:16:42 PM
2026-12-18
$395.00
8/18/2026, 11:16:42 PM
2027-01-15
$350.00
8/18/2026, 11:16:42 PM
2027-03-19
$390.00
8/18/2026, 11:16:42 PM
2027-06-17
$390.00
8/18/2026, 11:16:42 PM
Selected expiration: 2026-08-21 at max pain $390.00.
HCA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
165293000
165293000
240
2000
139831000
139833000
260
4000
114371000
114375000
265
9500
108006000
108015500
270
15000
101692000
101707000
275
20500
95378500
95399000
280
26000
89067500
89093500
285
40500
82757500
82798000
290
61000
76449000
76510000
295
211000
70161500
70372500
300
361000
63884500
64245500
305
514500
57689000
58203500
310
670500
51498000
52168500
315
828000
45351500
46179500
320
987000
39209500
40196500
325
1146500
33084000
34230500
330
1306000
28952000
30258000
335
1467000
24932500
26399500
340
1629000
20969000
22598000
345
1806500
17271000
19077500
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.