This page reflects HUT 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 — HUT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (9.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$6.62
±8.2%
Days to Expiry
3
Calendar days
Total Call OI
53,287
Nearest expiry
Total Put OI
22,405
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$80.79
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
$100.00
8/7/2026, 11:15:08 PM
2026-08-14
$90.00
8/14/2026, 11:17:47 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:17:10 PM
2026-08-28
$95.00
8/18/2026, 11:17:10 PM
2026-09-04
$90.00
8/18/2026, 11:17:10 PM
2026-09-11
$86.00
8/18/2026, 11:17:10 PM
2026-09-18
$80.00
8/18/2026, 11:17:10 PM
2026-09-25
$89.00
8/18/2026, 11:17:10 PM
2026-10-02
$83.00
8/18/2026, 11:17:10 PM
2026-10-16
$90.00
8/18/2026, 11:17:10 PM
2026-11-20
$90.00
8/18/2026, 11:17:10 PM
2026-12-18
$85.00
8/18/2026, 11:17:10 PM
2027-01-15
$50.00
8/18/2026, 11:17:10 PM
2027-06-17
$30.00
8/18/2026, 11:17:10 PM
Selected expiration: 2026-08-21 at max pain $90.00.
HUT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
75442000
75442000
55
0
64251000
64251000
60
0
53075500
53075500
65
4000
41937000
41941000
70
12500
31287500
31300000
74
21300
23063900
23085200
75
23500
21027600
21051100
76
27200
19359700
19386900
77
31200
17708100
17739300
78
35200
16089900
16125100
79
39200
14497100
14536300
80
43400
13002800
13046200
81
65300
11639000
11704300
82
87400
10280200
10367600
83
110300
8927300
9037600
84
134500
7807300
7941800
85
176300
6695400
6871700
86
299300
5980600
6279900
87
483200
5279700
5762900
88
688900
4804200
5493100
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.