Nearest listed expiration 2026-08-21 shows max pain at $94.00 (2.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$94.00
Nearest expiry
Expected Move
±$5.04
±5.2%
Days to Expiry
4
Calendar days
Total Call OI
190,580
Nearest expiry
Total Put OI
150,724
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$96.25
Published close
Consensus
7.0/10
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
$89.00
8/7/2026, 11:19:53 PM
2026-08-14
$94.00
8/14/2026, 11:16:59 PM
2026-08-21NextUpdated
$94.00
8/17/2026, 11:18:03 PM
2026-08-28
$92.00
8/17/2026, 11:18:03 PM
2026-09-04
$94.00
8/17/2026, 11:18:03 PM
2026-09-11
$94.00
8/17/2026, 11:18:03 PM
2026-09-18
$95.00
8/17/2026, 11:18:03 PM
2026-09-25
$95.00
8/17/2026, 11:18:03 PM
2026-10-02
$84.00
8/17/2026, 11:18:03 PM
2026-10-16
$90.00
8/17/2026, 11:18:03 PM
2026-11-20
$90.00
8/17/2026, 11:18:03 PM
2026-12-18
$100.00
8/17/2026, 11:18:03 PM
2027-01-15
$80.00
8/17/2026, 11:18:03 PM
2027-02-19
$90.00
8/17/2026, 11:18:03 PM
2027-03-19
$85.00
8/17/2026, 11:18:03 PM
2027-04-16
$80.00
8/17/2026, 11:18:03 PM
2027-05-21
$75.00
8/17/2026, 11:18:03 PM
2027-06-17
$85.00
8/17/2026, 11:18:03 PM
Selected expiration: 2026-08-21 at max pain $94.00.
HOOD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1109795500
1109795500
10
0
1029629500
1029629500
15
2500
949475500
949478000
20
6000
869335000
869341000
25
11000
789565500
789576500
30
30000
710552000
710582000
35
355500
631719500
632075000
40
704500
553291500
553996000
45
1086500
479122500
480209000
50
1527000
407693500
409220500
55
2110000
342409000
344519000
60
2856500
281995500
284852000
65
3879000
228038500
231917500
70
5515000
178309500
183824500
75
7441000
133205000
140646000
80
10758000
95049000
105807000
82
12787600
81070000
93857600
83
13804800
74157800
87962600
84
14824400
67320500
82144900
85
15846600
60548600
76395200
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.