This page reflects THG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — THG
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $230.00 (11.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$3.15
±1.4%
Days to Expiry
2
Calendar days
Total Call OI
126
Nearest expiry
Total Put OI
413
Nearest expiry
P/C OI Ratio
3.28
Put-heavy
Spot Price
$218.91
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
$200.00
6/18/2026, 11:34:58 PM
2026-07-17
$210.00
7/17/2026, 11:39:22 PM
2026-08-21NextUpdated
$230.00
8/19/2026, 11:34:41 PM
2026-09-18
$220.00
8/19/2026, 11:34:41 PM
2026-11-20
$190.00
8/19/2026, 11:34:41 PM
2027-02-19
$190.00
8/19/2026, 11:34:41 PM
Selected expiration: 2026-08-21 at max pain $230.00.
THG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
4641000
4641000
125
2000
3815000
3817000
155
5000
2582000
2587000
160
5500
2376500
2382000
165
6000
2172500
2178500
170
6500
1968500
1975000
175
7000
1769500
1776500
180
8000
1570500
1578500
185
14000
1371500
1385500
190
26000
1172500
1198500
195
38000
973500
1011500
200
51000
775000
826000
210
82000
387000
469000
220
182000
190000
372000
230
299000
0
299000
240
419000
0
419000
250
544000
0
544000
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.