Max Pain — HG
Data as of market close Apr 2, 2026
HG Max Pain Data
- Max Pain Strike
- $28.00
- Expected Move
- ±$1.85 (±6.1%)
- Days to Expiry
- 15
- Total Call OI
- 1,514
- Total Put OI
- 1,613
- Put/Call OI Ratio
- 1.07
- Spot Price
- $30.33
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-17 | $28.00 | 4/3/2026, 12:42:56 AM |
| 2026-07-17 | $23.00 | 4/3/2026, 12:42:56 AM |
| 2026-10-16 | $15.50 | 4/3/2026, 12:42:56 AM |
| 2027-01-15 | $8.00 | 4/3/2026, 12:42:56 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 10.5 | 0 | 2751250 | 2751250 |
| 12.5 | 800 | 2428650 | 2429450 |
| 18 | 5200 | 1541500 | 1546700 |
| 20 | 6800 | 1218900 | 1225700 |
| 20.5 | 7600 | 1139400 | 1147000 |
| 22.5 | 11600 | 823400 | 835000 |
| 23 | 12800 | 744900 | 757700 |
| 25 | 35400 | 444700 | 480100 |
| 28 | 96300 | 2800 | 99100 |
| 30 | 340500 | 1000 | 341500 |
| 33 | 716700 | 700 | 717400 |
| 35 | 1012500 | 500 | 1013000 |
| 38 | 1463700 | 200 | 1463900 |
| 40 | 1766500 | 0 | 1766500 |
View max pain levels for HG 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.