This page reflects HLF 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 — HLF
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $14.00 (1.43 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$0.17
±1.4%
Days to Expiry
2
Calendar days
Total Call OI
132
Nearest expiry
Total Put OI
597
Nearest expiry
P/C OI Ratio
4.52
Put-heavy
Spot Price
$12.57
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$13.50
5/8/2026, 11:14:59 PM
2026-05-15
$10.00
5/15/2026, 11:19:32 PM
2026-05-22NextUpdated
$14.00
5/20/2026, 11:16:13 PM
2026-05-29
$14.00
5/20/2026, 11:16:13 PM
2026-06-05
$13.00
5/20/2026, 11:16:13 PM
2026-06-12
$14.00
5/20/2026, 11:16:13 PM
2026-06-18
$15.00
5/20/2026, 11:16:13 PM
2026-06-26
$14.00
5/20/2026, 11:16:13 PM
2026-08-21
$12.50
5/20/2026, 11:16:13 PM
2026-11-20
$12.50
5/20/2026, 11:16:13 PM
2026-12-18
$12.50
5/20/2026, 11:16:13 PM
2027-01-15
$10.00
5/20/2026, 11:16:13 PM
Selected expiration: 2026-05-22 at max pain $14.00.
HLF pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
491950
491950
4
0
436550
436550
6
0
334350
334350
10
1600
129950
131550
11
2000
81050
83050
11.5
2200
57150
59350
12
2400
36200
38600
12.5
2600
24250
26850
13
2800
17650
20450
13.5
3700
11850
15550
14
5350
6850
12200
14.5
7650
5400
13050
15
10450
4800
15250
15.5
14050
4300
18350
16
17700
3800
21500
16.5
21550
3300
24850
17
25500
2850
28350
18
38200
1950
40150
18.5
44750
1500
46250
19
51300
1200
52500
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.