This page reflects HCC 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 — HCC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $85.00 (4.35 below 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
±$6.00
±6.7%
Days to Expiry
14
Calendar days
Total Call OI
1,931
Nearest expiry
Total Put OI
817
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$89.35
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
$80.00
8/21/2026, 11:16:50 PM
2026-09-18
$90.00
9/18/2026, 11:16:19 PM
2026-10-16NextUpdated
$85.00
10/2/2026, 11:15:39 PM
2026-11-20
$85.00
10/2/2026, 11:15:39 PM
2027-01-15
$95.00
10/2/2026, 11:15:39 PM
2027-04-16
$110.00
10/2/2026, 11:15:39 PM
2027-05-21
$85.00
10/2/2026, 11:15:39 PM
Selected expiration: 2026-10-16 at max pain $85.00.
HCC pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
3433500
3433500
45
0
3027500
3027500
50
1500
2621500
2623000
55
57000
2223500
2280500
60
113000
1842500
1955500
65
171500
1474500
1646000
70
230000
1120000
1350000
75
304500
782500
1087000
80
383000
487500
870500
85
493000
254500
747500
90
631500
145000
776500
95
901500
90500
992000
100
1452000
50000
1502000
105
2159000
27000
2186000
110
2901000
18000
2919000
115
3675500
9000
3684500
120
4469500
0
4469500
125
5272500
0
5272500
130
6082000
0
6082000
135
7011500
0
7011500
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.