This page reflects HNRG 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 — HNRG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $18.00 (0.39 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$2.72
±15.5%
Days to Expiry
29
Calendar days
Total Call OI
17,147
Nearest expiry
Total Put OI
4,745
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$17.61
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
$16.00
4/17/2026, 11:14:25 PM
2026-05-15
$17.00
5/15/2026, 11:17:39 PM
2026-06-18NextUpdated
$18.00
5/20/2026, 11:17:08 PM
2026-07-17
$15.00
5/20/2026, 11:17:08 PM
2026-08-21
$13.00
5/20/2026, 11:17:08 PM
2026-11-20
$17.00
5/20/2026, 11:17:08 PM
2027-01-15
$15.00
5/20/2026, 11:17:08 PM
Selected expiration: 2026-06-18 at max pain $18.00.
HNRG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
2602800
2602800
9
100
2128300
2128400
10
300
1653800
1654100
11
800
1229300
1230100
12
1400
820100
821500
13
2000
411000
413000
14
2600
302400
305000
15
6400
194200
200600
16
13100
100300
113400
17
21300
63300
84600
18
35100
37000
72100
19
126200
17300
143500
20
422400
8000
430400
21
1106800
4500
1111300
22
1834500
4000
1838500
23
2574900
3500
2578400
25
4197300
2500
4199800
30
11270800
500
11271300
35
19844300
0
19844300
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.