This page reflects KHC 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 — KHC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (0.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$0.55
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
65,722
Nearest expiry
Total Put OI
27,026
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$24.82
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
$25.50
8/7/2026, 11:18:20 PM
2026-08-14
$24.50
8/14/2026, 11:17:11 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:23:32 PM
2026-08-28
$25.00
8/18/2026, 11:23:32 PM
2026-09-04
$25.00
8/18/2026, 11:23:32 PM
2026-09-11
$25.00
8/18/2026, 11:23:32 PM
2026-09-18
$25.00
8/18/2026, 11:23:32 PM
2026-09-25
$24.50
8/18/2026, 11:23:32 PM
2026-10-02
$24.50
8/18/2026, 11:23:32 PM
2026-10-16
$25.00
8/18/2026, 11:23:32 PM
2026-12-18
$25.00
8/18/2026, 11:23:32 PM
2027-01-15
$25.00
8/18/2026, 11:23:32 PM
2027-03-19
$25.00
8/18/2026, 11:23:32 PM
2027-06-17
$25.00
8/18/2026, 11:23:32 PM
Selected expiration: 2026-08-21 at max pain $25.00.
KHC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
30927800
30927800
15
5750
24171300
24177050
16
8850
21469900
21478750
17
12550
18768500
18781050
17.5
14750
17417800
17432550
18
17150
16067300
16084450
19
22950
13366500
13389450
20
29950
10665800
10695750
20.5
35150
9448300
9483450
21
40400
8230800
8271200
21.5
45850
7013600
7059450
22
51300
5797550
5848850
22.5
57100
4599300
4656400
23
75600
3572350
3647950
23.5
94650
2553400
2648050
24
116500
1558800
1675300
24.5
148700
1001000
1149700
25
207450
506400
713850
25.5
618150
176350
794500
26
1097150
104750
1201900
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.