This page reflects HNGE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — HNGE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $90.00 (7.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$8.38
±8.6%
Days to Expiry
14
Calendar days
Total Call OI
4,485
Nearest expiry
Total Put OI
1,410
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$97.67
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$80.00
8/21/2026, 11:17:22 PM
2026-09-18
$85.00
9/18/2026, 11:17:21 PM
2026-10-16NextUpdated
$90.00
10/2/2026, 11:15:28 PM
2026-11-20
$90.00
10/2/2026, 11:15:28 PM
2026-12-18
$90.00
10/2/2026, 11:15:28 PM
2027-01-15
$50.00
10/2/2026, 11:15:28 PM
2027-03-19
$85.00
10/2/2026, 11:15:28 PM
Selected expiration: 2026-10-16 at max pain $90.00.
HNGE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
5974000
5974000
50
1500
5269000
5270500
55
4000
4564000
4568000
60
7000
3859000
3866000
65
10000
3155000
3165000
70
19500
2452000
2471500
75
46500
1764000
1810500
80
89500
1104500
1194000
85
141000
497500
638500
90
211500
83000
294500
95
331000
48000
379000
100
1040000
29000
1069000
105
2517000
20500
2537500
110
4524500
13000
4537500
115
6703500
5500
6709000
120
8912500
0
8912500
125
11135000
0
11135000
130
13366500
0
13366500
135
15608500
0
15608500
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.