This page reflects HELE 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 — HELE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (3.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$2.15
±7.5%
Days to Expiry
3
Calendar days
Total Call OI
2,602
Nearest expiry
Total Put OI
3,494
Nearest expiry
P/C OI Ratio
1.34
Put-heavy
Spot Price
$28.74
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
$22.50
6/18/2026, 11:16:29 PM
2026-07-17
$30.00
7/17/2026, 11:16:57 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:15:11 PM
2026-09-18
$30.00
8/18/2026, 11:15:11 PM
2026-11-20
$25.00
8/18/2026, 11:15:11 PM
2027-01-15
$22.50
8/18/2026, 11:15:11 PM
2027-02-19
$25.00
8/18/2026, 11:15:11 PM
Selected expiration: 2026-08-21 at max pain $25.00.
HELE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
7.5
0
4897250
4897250
10
2500
4025500
4028000
12.5
7500
3175750
3183250
15
12500
2387250
2399750
17.5
18750
1644250
1663000
20
40000
1077500
1117500
22.5
128500
764000
892500
25
258750
503000
761750
30
737750
67500
805250
35
1601750
0
1601750
40
2843250
0
2843250
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.