This page reflects PHM 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 — PHM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $130.00 (3.95 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$4.05
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
2,465
Nearest expiry
Total Put OI
3,935
Nearest expiry
P/C OI Ratio
1.60
Put-heavy
Spot Price
$126.05
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
$119.00
8/7/2026, 11:26:27 PM
2026-08-14
$129.00
8/14/2026, 11:31:33 PM
2026-08-21NextUpdated
$130.00
8/18/2026, 11:34:39 PM
2026-08-28
$135.00
8/18/2026, 11:34:39 PM
2026-09-04
$130.00
8/18/2026, 11:34:39 PM
2026-09-11
$128.00
8/18/2026, 11:34:39 PM
2026-09-18
$125.00
8/18/2026, 11:34:39 PM
2026-09-25
$120.00
8/18/2026, 11:34:39 PM
2026-10-16
$135.00
8/18/2026, 11:34:39 PM
2026-11-20
$135.00
8/18/2026, 11:34:39 PM
2026-12-18
$130.00
8/18/2026, 11:34:39 PM
2027-01-15
$125.00
8/18/2026, 11:34:39 PM
2027-03-19
$90.00
8/18/2026, 11:34:39 PM
2027-06-17
$130.00
8/18/2026, 11:34:39 PM
Selected expiration: 2026-08-21 at max pain $130.00.
PHM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
11787500
11787500
95
0
9820500
9820500
100
0
7854500
7854500
105
0
5890500
5890500
110
0
3954000
3954000
114
400
2640000
2640400
115
500
2311700
2312200
116
700
2042300
2043000
117
900
1773200
1774100
118
1100
1554100
1555200
119
1300
1385100
1386400
120
5700
1220200
1225900
121
14400
1079300
1093700
122
23100
940200
963300
123
31800
801700
833500
124
52000
668800
720800
125
72400
547100
619500
126
108100
442500
550600
127
143900
340100
484000
128
180900
240500
421400
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.