This page reflects HEI 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 — HEI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $340.00 (22.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$19.05
±5.3%
Days to Expiry
15
Calendar days
Total Call OI
727
Nearest expiry
Total Put OI
1,256
Nearest expiry
P/C OI Ratio
1.73
Put-heavy
Spot Price
$362.09
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
$280.00
5/15/2026, 11:17:47 PM
2026-06-18
$310.00
6/18/2026, 11:16:43 PM
2026-07-17NextUpdated
$340.00
7/3/2026, 11:14:03 PM
2026-08-21
$320.00
7/3/2026, 11:14:03 PM
2026-11-20
$310.00
7/3/2026, 11:14:03 PM
2027-01-15
$290.00
7/3/2026, 11:14:03 PM
2027-02-19
$230.00
7/3/2026, 11:14:03 PM
Selected expiration: 2026-07-17 at max pain $340.00.
HEI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
230
0
8415000
8415000
260
0
4650000
4650000
270
0
3404000
3404000
280
1000
2169000
2170000
290
2000
937000
939000
300
4000
708000
712000
310
20000
524000
544000
320
37000
384000
421000
330
55000
256000
311000
340
88000
158000
246000
350
229000
107000
336000
360
441000
66000
507000
370
755000
34000
789000
380
1434000
2000
1436000
390
2129000
1000
2130000
400
2838000
0
2838000
410
3548000
0
3548000
420
4269000
0
4269000
430
4994000
0
4994000
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.