This page reflects HLIO 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 — HLIO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (0.57 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.67
±4.6%
Days to Expiry
3
Calendar days
Total Call OI
493
Nearest expiry
Total Put OI
8
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$79.43
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
$55.00
6/18/2026, 11:16:28 PM
2026-07-17
$85.00
7/17/2026, 11:20:28 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:17:25 PM
2026-09-18
$40.00
8/18/2026, 11:17:25 PM
2026-12-18
$60.00
8/18/2026, 11:17:25 PM
2027-03-19
$45.00
8/18/2026, 11:17:25 PM
Selected expiration: 2026-08-21 at max pain $80.00.
HLIO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
7000
7000
75
0
3500
3500
80
0
1000
1000
85
3000
0
3000
90
207500
0
207500
95
419000
0
419000
100
633000
0
633000
110
1122000
0
1122000
115
1367000
0
1367000
125
1858000
0
1858000
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.