This page reflects HZO 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 — HZO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (2.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$2.21
±4.2%
Days to Expiry
3
Calendar days
Total Call OI
372
Nearest expiry
Total Put OI
1,287
Nearest expiry
P/C OI Ratio
3.46
Put-heavy
Spot Price
$52.18
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, 11:18:19 PM
2026-07-17
$30.00
7/17/2026, 11:20:15 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:21:49 PM
2026-09-18
$45.00
8/18/2026, 11:21:49 PM
2026-10-16
$40.00
8/18/2026, 11:21:49 PM
2027-01-15
$35.00
8/18/2026, 11:21:49 PM
Selected expiration: 2026-08-21 at max pain $50.00.
HZO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
2144750
2144750
22.5
0
1824250
1824250
25
0
1510000
1510000
30
0
887000
887000
35
2000
645000
647000
40
102500
409000
511500
45
236000
175500
411500
50
382500
2000
384500
55
535500
500
536000
60
720500
0
720500
70
1090500
0
1090500
75
1276000
0
1276000
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.