This page reflects HCI 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 — HCI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $115.00 (67.64 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$2.90
±1.6%
Days to Expiry
15
Calendar days
Total Call OI
43
Nearest expiry
Total Put OI
6
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$182.64
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
$155.00
5/15/2026, 11:19:13 PM
2026-06-18
$155.00
6/18/2026, 11:15:52 PM
2026-07-17NextUpdated
$115.00
7/3/2026, 11:15:48 PM
2026-08-21
$110.00
7/3/2026, 11:15:48 PM
2026-09-18
$130.00
7/3/2026, 11:15:48 PM
2026-12-18
$150.00
7/3/2026, 11:15:48 PM
Selected expiration: 2026-07-17 at max pain $115.00.
HCI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
36000
36000
100
500
33000
33500
105
1500
30000
31500
115
5500
24000
29500
120
8500
21000
29500
125
12000
18000
30000
130
16000
15000
31000
135
20500
12000
32500
145
30500
7000
37500
150
37000
5500
42500
155
45000
4000
49000
160
53500
3500
57000
165
63500
3000
66500
170
74000
2500
76500
175
86500
2000
88500
180
102500
1500
104000
185
123500
1000
124500
195
166500
0
166500
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.