This page reflects HROW 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 — HROW
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (0.48 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.92
±7.4%
Days to Expiry
3
Calendar days
Total Call OI
1,040
Nearest expiry
Total Put OI
791
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$39.52
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
$35.00
6/18/2026, 11:15:02 PM
2026-07-17
$38.00
7/17/2026, 11:19:08 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:18:28 PM
2026-09-18
$42.00
8/18/2026, 11:18:28 PM
2026-10-16
$31.00
8/18/2026, 11:18:28 PM
2026-12-18
$42.00
8/18/2026, 11:18:28 PM
2027-01-15
$25.00
8/18/2026, 11:18:28 PM
2027-03-19
$33.00
8/18/2026, 11:18:28 PM
Selected expiration: 2026-08-21 at max pain $40.00.
HROW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
1112600
1112600
25
0
780100
780100
30
1000
447600
448600
31
1200
390200
391400
34
1800
219500
221300
35
2000
163200
165200
36
2700
119500
122200
37
3500
81300
84800
38
5000
48800
53800
39
6700
28200
34900
40
9200
12300
21500
41
24500
8100
32600
42
40000
3900
43900
43
61000
700
61700
44
86000
200
86200
45
112800
0
112800
46
155200
0
155200
47
210100
0
210100
48
270200
0
270200
49
331300
0
331300
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.