This page reflects HOG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — HOG
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $22.00 (5.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$0.70
±2.5%
Days to Expiry
2
Calendar days
Total Call OI
6,375
Nearest expiry
Total Put OI
5,608
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$27.66
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
$24.50
8/7/2026, 11:19:23 PM
2026-08-14
$25.50
8/14/2026, 11:21:20 PM
2026-08-21NextUpdated
$22.00
8/19/2026, 11:19:41 PM
2026-08-28
$27.00
8/19/2026, 11:19:41 PM
2026-09-04
$26.00
8/19/2026, 11:19:41 PM
2026-09-11
$21.00
8/19/2026, 11:19:41 PM
2026-09-18
$26.00
8/19/2026, 11:19:41 PM
2026-09-25
$26.00
8/19/2026, 11:19:41 PM
2026-10-02
$25.00
8/19/2026, 11:19:41 PM
2026-11-20
$24.00
8/19/2026, 11:19:41 PM
2027-01-15
$25.00
8/19/2026, 11:19:41 PM
2027-02-19
$27.00
8/19/2026, 11:19:41 PM
Selected expiration: 2026-08-21 at max pain $22.00.
HOG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
5841650
5841650
12
2400
4720050
4722450
13
4300
4159850
4164150
14
6900
3615250
3622150
15
10700
3131050
3141750
16
15000
2677750
2692750
17
19700
2231250
2250950
18
25700
1803050
1828750
19
53900
1396850
1450750
20
91800
1003150
1094950
21
201500
665250
866750
22
322400
369850
692250
22.5
416050
301450
717500
23
509800
233300
743100
23.5
614950
177550
792500
24
720350
123850
844200
24.5
834500
99800
934300
25
948850
75950
1024800
25.5
1080000
57200
1137200
26
1222100
40300
1262400
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.