This page reflects HCI 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 — HCI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $155.00 (3.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$15.60
±9.9%
Days to Expiry
29
Calendar days
Total Call OI
423
Nearest expiry
Total Put OI
124
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$158.20
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
$155.00
4/17/2026, 11:16:07 PM
2026-05-15
$155.00
5/15/2026, 11:19:13 PM
2026-06-18NextUpdated
$155.00
5/20/2026, 11:15:17 PM
2026-07-17
$105.00
5/20/2026, 11:15:17 PM
2026-09-18
$130.00
5/20/2026, 11:15:17 PM
2026-12-18
$150.00
5/20/2026, 11:15:17 PM
Selected expiration: 2026-06-18 at max pain $155.00.
HCI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
673000
673000
100
2000
611500
613500
105
4000
551500
555500
110
6500
494000
500500
115
9000
436500
445500
120
11500
379000
390500
125
15000
321500
336500
130
19000
265000
284000
135
25500
210500
236000
140
33000
161000
194000
145
41500
116000
157500
150
50500
71000
121500
155
61000
42500
103500
160
74000
35000
109000
165
96000
29000
125000
170
129500
23000
152500
175
189500
17500
207000
180
256000
14000
270000
185
334500
11500
346000
190
415500
10000
425500
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.