This page reflects HRI 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 — HRI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $135.00 (31.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$6.57
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
12,247
Nearest expiry
Total Put OI
234
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$166.82
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
$120.00
6/18/2026, 11:18:15 PM
2026-07-17
$145.00
7/17/2026, 11:16:32 PM
2026-08-21NextUpdated
$135.00
8/18/2026, 11:21:46 PM
2026-09-18
$140.00
8/18/2026, 11:21:46 PM
2026-12-18
$115.00
8/18/2026, 11:21:46 PM
2027-03-19
$130.00
8/18/2026, 11:21:46 PM
Selected expiration: 2026-08-21 at max pain $135.00.
HRI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
723500
723500
110
0
608500
608500
115
0
494500
494500
120
0
383500
383500
125
0
274000
274000
130
1000
209000
210000
135
3500
149000
152500
140
657000
101500
758500
145
1311000
65500
1376500
150
1983500
32000
2015500
155
4848000
10000
4858000
160
7806500
5000
7811500
165
10863500
2500
10866000
170
14605000
500
14605500
175
18383500
0
18383500
180
22231000
0
22231000
185
28279500
0
28279500
190
34333500
0
34333500
195
40411000
0
40411000
200
46493500
0
46493500
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.