This page reflects HCA 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 — HCA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $445.00 (48.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$445.00
Nearest expiry
Expected Move
±$46.70
±11.8%
Days to Expiry
29
Calendar days
Total Call OI
4,437
Nearest expiry
Total Put OI
8,277
Nearest expiry
P/C OI Ratio
1.87
Put-heavy
Spot Price
$396.67
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
$495.00
4/17/2026, 11:18:13 PM
2026-05-15
$445.00
5/15/2026, 11:18:15 PM
2026-06-18NextUpdated
$445.00
5/20/2026, 11:15:33 PM
2026-07-17
$430.00
5/20/2026, 11:15:33 PM
2026-08-21
$430.00
5/20/2026, 11:15:33 PM
2026-09-18
$525.00
5/20/2026, 11:15:33 PM
2026-12-18
$420.00
5/20/2026, 11:15:33 PM
2027-01-15
$440.00
5/20/2026, 11:15:33 PM
2027-03-19
$360.00
5/20/2026, 11:15:33 PM
Selected expiration: 2026-06-18 at max pain $445.00.
HCA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
196218500
196218500
165
0
192083500
192083500
175
1000
183813500
183814500
190
5500
171408500
171414000
195
9500
167273500
167283000
200
15500
163139000
163154500
210
28500
154877000
154905500
220
41500
146620000
146661500
240
67500
130112000
130179500
250
80500
121938000
122018500
260
93500
113774000
113867500
270
106500
105626000
105732500
280
119500
97497000
97616500
290
138500
89388000
89526500
300
157500
81347000
81504500
310
177500
73337000
73514500
320
204500
65344000
65548500
325
219500
61382000
61601500
330
234500
57421000
57655500
335
255000
53487000
53742000
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.