This page reflects HLF 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 — HLF
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $12.00 (0.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$0.75
±6.1%
Days to Expiry
3
Calendar days
Total Call OI
50,240
Nearest expiry
Total Put OI
1,860
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$12.34
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
$12.00
8/7/2026, 11:20:03 PM
2026-08-14
$9.50
8/14/2026, 11:20:40 PM
2026-08-21NextUpdated
$12.00
8/18/2026, 11:16:51 PM
2026-08-28
$12.00
8/18/2026, 11:16:51 PM
2026-09-04
$12.00
8/18/2026, 11:16:51 PM
2026-09-11
$5.00
8/18/2026, 11:16:51 PM
2026-09-18
$10.00
8/18/2026, 11:16:51 PM
2026-09-25
$11.00
8/18/2026, 11:16:51 PM
2026-11-20
$10.00
8/18/2026, 11:16:51 PM
2026-12-18
$12.50
8/18/2026, 11:16:51 PM
2027-01-15
$10.00
8/18/2026, 11:16:51 PM
2027-02-19
$10.00
8/18/2026, 11:16:51 PM
Selected expiration: 2026-08-21 at max pain $12.00.
HLF pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1284900
1284900
3
750
1191900
1192650
4
3950
1006000
1009950
5
7450
820100
827550
7.5
19450
460600
480050
8
22550
388700
411250
8.5
25750
316800
342550
9
29100
244900
274000
9.5
32500
173000
205500
10
36100
101100
137200
10.5
42500
81150
123650
11
48950
61200
110150
11.5
55800
47150
102950
12
63400
34650
98050
12.5
81400
24450
105850
13
414100
21700
435800
13.5
748250
19100
767350
14
1084000
16600
1100600
14.5
1420100
14100
1434200
15
1756200
11650
1767850
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.