This page reflects HNGE 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 — HNGE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $65.00 (19.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$7.82
±9.3%
Days to Expiry
15
Calendar days
Total Call OI
9,359
Nearest expiry
Total Put OI
5,973
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$84.05
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
$45.00
5/15/2026, 11:16:54 PM
2026-06-18
$45.00
6/18/2026, 11:15:31 PM
2026-07-17NextUpdated
$65.00
7/3/2026, 11:17:00 PM
2026-08-21
$60.00
7/3/2026, 11:17:00 PM
2026-09-18
$55.00
7/3/2026, 11:17:00 PM
2026-12-18
$35.00
7/3/2026, 11:17:00 PM
2027-01-15
$40.00
7/3/2026, 11:17:00 PM
Selected expiration: 2026-07-17 at max pain $65.00.
HNGE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
22133000
22133000
40
1000
16160000
16161000
45
2000
13173500
13175500
50
3000
10190500
10193500
55
18500
7233500
7252000
60
55000
4408500
4463500
65
143500
1639500
1783000
70
2447000
271000
2718000
75
5325500
162500
5488000
80
9240500
80500
9321000
85
13341500
0
13341500
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.