Hawaiian Electric Industries, IClose $13.75EOD only
Max Pain
$15.00
Next expiry Jun 18, 2026
Expected Move
±$1.63
11.8% from close
Price Gap
+1.25
Distance to max pain
IV Rank
77
High premium
P/C OI
0.54
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects HE 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 — HE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $15.00 (1.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$1.63
±11.8%
Days to Expiry
29
Calendar days
Total Call OI
5,602
Nearest expiry
Total Put OI
8,137
Nearest expiry
P/C OI Ratio
1.45
Put-heavy
Spot Price
$13.75
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
$15.00
4/17/2026, 11:13:34 PM
2026-05-15
$15.00
5/15/2026, 11:16:07 PM
2026-06-18NextUpdated
$15.00
5/20/2026, 11:18:13 PM
2026-09-18
$15.00
5/20/2026, 11:18:13 PM
2026-12-18
$15.00
5/20/2026, 11:18:13 PM
2027-01-15
$10.00
5/20/2026, 11:18:13 PM
Selected expiration: 2026-06-18 at max pain $15.00.
HE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
3565750
3565750
5
250
1531500
1531750
7.5
1000
1042250
1043250
10
1750
553000
554750
12.5
18500
135000
153500
15
132500
5750
138250
17.5
609500
1750
611250
20
1498000
750
1498750
22.5
2858500
0
2858500
25
4259000
0
4259000
30
7060000
0
7060000
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.