This page reflects HCA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — HCA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $425.00 (1.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$425.00
Nearest expiry
Expected Move
±$20.05
±4.7%
Days to Expiry
14
Calendar days
Total Call OI
3,957
Nearest expiry
Total Put OI
4,989
Nearest expiry
P/C OI Ratio
1.26
Put-heavy
Spot Price
$426.69
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$390.00
8/21/2026, 11:16:28 PM
2026-09-18
$415.00
9/18/2026, 11:16:16 PM
2026-10-16NextUpdated
$425.00
10/2/2026, 11:13:25 PM
2026-11-20
$435.00
10/2/2026, 11:13:25 PM
2026-12-18
$415.00
10/2/2026, 11:13:25 PM
2027-01-15
$350.00
10/2/2026, 11:13:25 PM
2027-03-19
$415.00
10/2/2026, 11:13:25 PM
2027-06-17
$400.00
10/2/2026, 11:13:25 PM
2027-09-17
$410.00
10/2/2026, 11:13:25 PM
Selected expiration: 2026-10-16 at max pain $425.00.
HCA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
280
0
57708500
57708500
285
0
55214500
55214500
290
500
52722500
52723000
295
1000
50231000
50232000
300
1500
47740000
47741500
305
2000
45249000
45251000
310
5000
42759000
42764000
315
8000
40274500
40282500
320
11000
37791500
37802500
325
14000
35314000
35328000
330
27000
32837000
32864000
335
40000
30364500
30404500
340
56000
27893000
27949000
345
72000
25423000
25495000
350
92000
22953000
23045000
355
117500
20500500
20618000
360
146500
18055500
18202000
365
183500
15639500
15823000
370
239500
13345000
13584500
375
318500
11273000
11591500
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.