This page reflects HALO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — HALO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (1.02 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$5.25
±7.6%
Days to Expiry
29
Calendar days
Total Call OI
8,262
Nearest expiry
Total Put OI
2,620
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$68.98
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$65.00
4/17/2026, 11:12:59 PM
2026-05-15
$65.00
5/15/2026, 11:18:37 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:15:32 PM
2026-09-18
$65.00
5/20/2026, 11:15:32 PM
2026-12-18
$60.00
5/20/2026, 11:15:32 PM
Selected expiration: 2026-06-18 at max pain $70.00.
HALO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
8420500
8420500
40
500
7111000
7111500
45
9500
5801500
5811000
50
19000
4507000
4526000
55
54500
3221500
3276000
60
133000
1975000
2108000
65
391500
1034000
1425500
70
930500
418500
1349000
75
2052500
7000
2059500
80
4074000
0
4074000
85
6866000
0
6866000
90
9975000
0
9975000
95
13283500
0
13283500
100
16901000
0
16901000
105
21032000
0
21032000
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.