This page reflects HCA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — HCA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $385.00 (25.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$385.00
Nearest expiry
Expected Move
±$21.55
±5.3%
Days to Expiry
15
Calendar days
Total Call OI
2,776
Nearest expiry
Total Put OI
2,228
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$410.50
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$445.00
5/15/2026, 11:18:15 PM
2026-06-18
$420.00
6/18/2026, 11:17:03 PM
2026-07-17NextUpdated
$385.00
7/3/2026, 11:14:45 PM
2026-08-21
$380.00
7/3/2026, 11:14:45 PM
2026-09-18
$415.00
7/3/2026, 11:14:45 PM
2026-12-18
$395.00
7/3/2026, 11:14:45 PM
2027-01-15
$350.00
7/3/2026, 11:14:45 PM
2027-03-19
$370.00
7/3/2026, 11:14:45 PM
2027-06-17
$420.00
7/3/2026, 11:14:45 PM
Selected expiration: 2026-07-17 at max pain $385.00.
HCA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
250
0
26385000
26385000
285
3500
18604500
18608000
290
5500
17493000
17498500
300
9500
15271000
15280500
305
33500
14167500
14201000
310
62500
13069500
13132000
315
96500
11975000
12071500
320
133000
10883000
11016000
325
171500
9795000
9966500
330
210000
8720500
8930500
335
252500
7656000
7908500
340
297500
6601500
6899000
345
342500
5567500
5910000
350
397000
4556000
4953000
355
458500
3843000
4301500
360
564000
3148000
3712000
365
704000
2505000
3209000
370
859500
1901500
2761000
375
1032500
1426000
2458500
380
1227500
1076000
2303500
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.