Max Pain — HESM
Data as of market close Apr 2, 2026
HESM Max Pain Data
- Max Pain Strike
- $39.00
- Expected Move
- ±$1.70 (±4.4%)
- Days to Expiry
- 15
- Total Call OI
- 2,829
- Total Put OI
- 722
- Put/Call OI Ratio
- 0.26
- Spot Price
- $38.81
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-17 | $39.00 | 4/3/2026, 12:42:53 AM |
| 2026-05-15 | $35.00 | 4/3/2026, 12:42:53 AM |
| 2026-08-21 | $37.00 | 4/3/2026, 12:42:53 AM |
| 2026-11-20 | $35.00 | 4/3/2026, 12:42:53 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 29 | 0 | 753800 | 753800 |
| 30 | 3200 | 681600 | 684800 |
| 31 | 6600 | 609400 | 616000 |
| 32 | 10500 | 537200 | 547700 |
| 33 | 14400 | 465000 | 479400 |
| 35 | 22200 | 321800 | 344000 |
| 36 | 26800 | 250400 | 277200 |
| 37 | 32900 | 179100 | 212000 |
| 38 | 41900 | 116600 | 158500 |
| 39 | 61600 | 54500 | 116100 |
| 40 | 295900 | 1300 | 297200 |
| 41 | 539300 | 500 | 539800 |
| 42 | 804700 | 0 | 804700 |
| 43 | 1080300 | 0 | 1080300 |
| 44 | 1362600 | 0 | 1362600 |
| 45 | 1645300 | 0 | 1645300 |
| 47 | 2210900 | 0 | 2210900 |
View max pain levels for HESM options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.