Helix Energy Solutions Group, IClose $10.23EOD only
Max Pain
$7.00
Next expiry Jun 18, 2026
Expected Move
±$0.88
8.6% from close
Price Gap
-3.23
Distance to max pain
IV Rank
19
Low premium
P/C OI
0.09
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects HLX 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 — HLX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $7.00 (3.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.88
±8.6%
Days to Expiry
29
Calendar days
Total Call OI
11,074
Nearest expiry
Total Put OI
216
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$10.23
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$8.00
4/17/2026, 11:13:57 PM
2026-05-15
$10.00
5/15/2026, 11:14:10 PM
2026-06-18NextUpdated
$7.00
5/20/2026, 11:16:12 PM
2026-09-18
$8.00
5/20/2026, 11:16:12 PM
2026-12-18
$7.00
5/20/2026, 11:16:12 PM
Selected expiration: 2026-06-18 at max pain $7.00.
HLX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
128100
128100
3
200
106500
106700
4
500
84900
85400
5
1000
63300
64300
6
1800
45200
47000
7
3000
29100
32100
8
43000
13600
56600
9
111100
4100
115200
10
184200
0
184200
11
1178700
0
1178700
12
2281000
0
2281000
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.