This page reflects HCC 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 — HCC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (4.17 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$7.00
±8.7%
Days to Expiry
15
Calendar days
Total Call OI
6,253
Nearest expiry
Total Put OI
961
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$80.83
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
$80.00
5/15/2026, 11:15:22 PM
2026-06-18
$95.00
6/18/2026, 11:16:24 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:12:06 PM
2026-08-21
$90.00
7/3/2026, 11:12:06 PM
2026-09-18
$85.00
7/3/2026, 11:12:06 PM
2026-10-16
$80.00
7/3/2026, 11:12:06 PM
2027-01-15
$100.00
7/3/2026, 11:12:06 PM
Selected expiration: 2026-07-17 at max pain $85.00.
HCC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
3707500
3707500
45
500
3231500
3232000
50
1000
2756000
2757000
55
1500
2283500
2285000
60
2000
1813000
1815000
65
4500
1370000
1374500
70
7000
951000
958000
75
16500
571000
587500
80
26000
280000
306000
85
70000
135500
205500
90
174000
71000
245000
95
301000
32000
333000
100
502000
19500
521500
105
1155000
14000
1169000
110
1930500
8500
1939000
115
4620500
4000
4624500
120
7648500
0
7648500
125
10705000
0
10705000
130
13775500
0
13775500
135
16890500
0
16890500
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.