This page reflects HSY 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 — HSY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $185.00 (1.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$3.75
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
4,172
Nearest expiry
Total Put OI
3,392
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$183.45
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
$177.50
8/7/2026, 11:19:37 PM
2026-08-14
$187.50
8/14/2026, 11:14:53 PM
2026-08-21NextUpdated
$185.00
8/18/2026, 11:20:51 PM
2026-08-28
$180.00
8/18/2026, 11:20:51 PM
2026-09-04
$180.00
8/18/2026, 11:20:51 PM
2026-09-11
$185.00
8/18/2026, 11:20:51 PM
2026-09-18
$180.00
8/18/2026, 11:20:51 PM
2026-09-25
$185.00
8/18/2026, 11:20:51 PM
2026-10-02
$170.00
8/18/2026, 11:20:51 PM
2026-11-20
$175.00
8/18/2026, 11:20:51 PM
2026-12-18
$180.00
8/18/2026, 11:20:51 PM
2027-01-15
$180.00
8/18/2026, 11:20:51 PM
2027-02-19
$190.00
8/18/2026, 11:20:51 PM
2027-03-19
$190.00
8/18/2026, 11:20:51 PM
2027-06-17
$170.00
8/18/2026, 11:20:51 PM
Selected expiration: 2026-08-21 at max pain $185.00.
HSY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
20230250
20230250
110
0
18538750
18538750
115
0
16853250
16853250
120
0
15168250
15168250
125
0
13484250
13484250
130
0
11802250
11802250
135
0
10183750
10183750
140
0
8580750
8580750
145
0
7063250
7063250
150
0
5578750
5578750
152.5
0
4916500
4916500
155
0
4258000
4258000
157.5
0
3701250
3701250
160
0
3145250
3145250
162.5
250
2706500
2706750
165
500
2293500
2294000
167.5
750
1927500
1928250
170
1000
1568250
1569250
172.5
20500
1270750
1291250
175
40000
1026000
1066000
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.