This page reflects HEI 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 — HEI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $320.00 (17.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$12.75
±4.2%
Days to Expiry
14
Calendar days
Total Call OI
613
Nearest expiry
Total Put OI
295
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$302.45
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
$330.00
8/21/2026, 11:15:33 PM
2026-09-18
$320.00
9/18/2026, 11:16:55 PM
2026-10-16NextUpdated
$320.00
10/2/2026, 11:14:55 PM
2026-11-20
$330.00
10/2/2026, 11:14:55 PM
2027-01-15
$290.00
10/2/2026, 11:14:55 PM
2027-02-19
$360.00
10/2/2026, 11:14:55 PM
2027-05-21
$300.00
10/2/2026, 11:14:55 PM
Selected expiration: 2026-10-16 at max pain $320.00.
HEI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
230
0
2459000
2459000
240
0
2168000
2168000
250
0
1879000
1879000
260
0
1596000
1596000
270
0
1317000
1317000
280
0
1040000
1040000
290
5000
781000
786000
300
11000
534000
545000
310
75000
349000
424000
320
167000
216000
383000
330
287000
100000
387000
340
448000
0
448000
350
951000
0
951000
360
1458000
0
1458000
370
1971000
0
1971000
380
2492000
0
2492000
390
3016000
0
3016000
400
3540000
0
3540000
410
4065000
0
4065000
420
4653000
0
4653000
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.