This page reflects HLNE 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 — HLNE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (5.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$7.60
±9.5%
Days to Expiry
15
Calendar days
Total Call OI
334
Nearest expiry
Total Put OI
1,299
Nearest expiry
P/C OI Ratio
3.89
Put-heavy
Spot Price
$79.76
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
$95.00
5/15/2026, 11:17:13 PM
2026-06-18
$90.00
6/18/2026, 11:21:00 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:14:45 PM
2026-08-21
$100.00
7/3/2026, 11:14:45 PM
2026-11-20
$85.00
7/3/2026, 11:14:45 PM
2027-02-19
$60.00
7/3/2026, 11:14:45 PM
Selected expiration: 2026-07-17 at max pain $85.00.
HLNE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
2439000
2439000
55
0
1799500
1799500
60
0
1165000
1165000
65
500
623500
624000
70
1500
288000
289500
75
2500
104000
106500
80
4000
18500
22500
85
6500
3500
10000
90
49000
0
49000
95
204500
0
204500
100
365500
0
365500
105
531000
0
531000
110
698000
0
698000
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.