This page reflects HSAI 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 — HSAI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (2.89 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.40
±8.2%
Days to Expiry
3
Calendar days
Total Call OI
21,864
Nearest expiry
Total Put OI
7,747
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$17.11
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
$17.50
6/18/2026, 11:21:26 PM
2026-07-17
$17.50
7/17/2026, 11:17:41 PM
2026-08-21NextUpdated
$20.00
8/18/2026, 11:17:03 PM
2026-09-18
$17.50
8/18/2026, 11:17:03 PM
2026-10-16
$17.50
8/18/2026, 11:17:03 PM
2026-11-20
$17.50
8/18/2026, 11:17:03 PM
2027-01-15
$17.50
8/18/2026, 11:17:03 PM
2027-02-19
$17.50
8/18/2026, 11:17:03 PM
Selected expiration: 2026-08-21 at max pain $20.00.
HSAI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
12384500
12384500
5
500
10447750
10448250
10
4000
6574250
6578250
12.5
26500
4643750
4670250
15
61250
2823750
2885000
17.5
176750
1374500
1551250
20
679250
438500
1117750
22.5
3607250
150000
3757250
25
7002250
0
7002250
30
15695750
0
15695750
35
25322250
0
25322250
40
36228250
0
36228250
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.