This page reflects MHO 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 — MHO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $150.00 (1.46 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$5.75
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
266
Nearest expiry
Total Put OI
60
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$148.54
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
$135.00
6/18/2026, 11:22:09 PM
2026-07-17
$125.00
7/17/2026, 11:22:55 PM
2026-08-21NextUpdated
$150.00
8/18/2026, 11:21:51 PM
2026-09-18
$125.00
8/18/2026, 11:21:51 PM
2026-10-16
$130.00
8/18/2026, 11:21:51 PM
2027-01-15
$140.00
8/18/2026, 11:21:51 PM
Selected expiration: 2026-08-21 at max pain $150.00.
MHO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
212000
212000
120
0
183000
183000
135
1500
97500
99000
140
2000
69500
71500
145
3000
42000
45000
150
5500
16000
21500
155
26000
500
26500
160
104000
0
104000
165
195000
0
195000
170
318500
0
318500
175
448000
0
448000
180
579500
0
579500
190
843500
0
843500
200
1108500
0
1108500
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.