This page reflects HON 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 — HON
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $235.00 (7.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$235.00
Nearest expiry
Expected Move
±$5.22
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
7,313
Nearest expiry
Total Put OI
7,497
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$227.71
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
$230.00
8/7/2026, 11:16:07 PM
2026-08-14
$240.00
8/14/2026, 11:21:22 PM
2026-08-21NextUpdated
$235.00
8/18/2026, 11:16:42 PM
2026-08-28
$240.00
8/18/2026, 11:16:42 PM
2026-09-04
$240.00
8/18/2026, 11:16:42 PM
2026-09-11
$235.00
8/18/2026, 11:16:42 PM
2026-09-18
$240.00
8/18/2026, 11:16:42 PM
2026-09-25
$235.00
8/18/2026, 11:16:42 PM
2026-10-02
$215.00
8/18/2026, 11:16:42 PM
2026-10-16
$240.00
8/18/2026, 11:16:42 PM
2026-11-20
$200.00
8/18/2026, 11:16:42 PM
2026-12-18
$220.00
8/18/2026, 11:16:42 PM
2027-01-15
$280.00
8/18/2026, 11:16:42 PM
2027-03-19
$240.00
8/18/2026, 11:16:42 PM
2027-06-17
$230.00
8/18/2026, 11:16:42 PM
Selected expiration: 2026-08-21 at max pain $235.00.
HON pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
71302250
71302250
135
0
60671750
60671750
140
0
57128250
57128250
145
0
53584750
53584750
150
0
50042750
50042750
155
5000
46502250
46507250
160
10500
42961750
42972250
165
16000
39430250
39446250
170
21500
35904750
35926250
175
28500
32384250
32412750
180
35500
28868250
28903750
185
44500
25356750
25401250
190
53500
21876250
21929750
195
62500
18433750
18496250
200
72500
15003750
15076250
205
86000
12054750
12140750
207.5
92750
10581500
10674250
210
99500
9109750
9209250
212.5
107000
7767750
7874750
215
114500
6434000
6548500
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.