This page reflects HCI 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 — HCI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $155.00 (30.03 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
±$2.33
±1.3%
Days to Expiry
3
Calendar days
Total Call OI
58
Nearest expiry
Total Put OI
19
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$185.03
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
$155.00
6/18/2026, 11:15:52 PM
2026-07-17
$150.00
7/17/2026, 11:18:25 PM
2026-08-21NextUpdated
$155.00
8/18/2026, 11:20:41 PM
2026-09-18
$155.00
8/18/2026, 11:20:41 PM
2026-12-18
$175.00
8/18/2026, 11:20:41 PM
2027-03-19
$120.00
8/18/2026, 11:20:41 PM
Selected expiration: 2026-08-21 at max pain $155.00.
HCI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
134500
134500
115
1500
125000
126500
125
5500
106000
111500
135
11500
87000
98500
140
15500
77500
93000
145
20000
68000
88000
150
25500
59500
85000
155
32000
52500
84500
160
40000
45500
85500
165
48500
39000
87500
170
58000
33000
91000
175
69000
29000
98000
180
82500
25500
108000
185
96000
22000
118000
190
116000
18500
134500
195
140000
15000
155000
200
165500
13000
178500
210
218500
9000
227500
220
272500
5000
277500
230
329500
1000
330500
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.