This page reflects MHK 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 — MHK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $105.00 (27.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$4.65
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
3,259
Nearest expiry
Total Put OI
1,175
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$132.87
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
$95.00
6/18/2026, 11:23:23 PM
2026-07-17
$100.00
7/17/2026, 11:22:20 PM
2026-08-21NextUpdated
$105.00
8/18/2026, 11:18:10 PM
2026-09-18
$135.00
8/18/2026, 11:18:10 PM
2026-11-20
$120.00
8/18/2026, 11:18:10 PM
2027-02-19
$110.00
8/18/2026, 11:18:10 PM
Selected expiration: 2026-08-21 at max pain $105.00.
MHK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
5714000
5714000
70
0
4539000
4539000
75
0
3953500
3953500
80
0
3372500
3372500
85
500
2803000
2803500
90
2000
2254500
2256500
95
7000
1737500
1744500
100
46500
1369500
1416000
105
125500
1056500
1182000
110
738500
760500
1499000
115
1498000
535000
2033000
120
2574000
321500
2895500
125
3702000
207500
3909500
130
5137500
95500
5233000
135
6659500
0
6659500
140
8201500
0
8201500
145
9767500
0
9767500
150
11339000
0
11339000
155
12960500
0
12960500
165
16203500
0
16203500
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.