This page reflects HNRG 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 — HNRG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $15.00 (1.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$0.28
±2.0%
Days to Expiry
14
Calendar days
Total Call OI
2,503
Nearest expiry
Total Put OI
141
Nearest expiry
P/C OI Ratio
0.06
Put-heavy
Spot Price
$13.49
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
$14.00
8/21/2026, 11:17:25 PM
2026-09-18
$15.00
9/18/2026, 11:12:38 PM
2026-10-16NextUpdated
$15.00
10/2/2026, 11:16:58 PM
2026-11-20
$17.00
10/2/2026, 11:16:58 PM
2027-01-15
$15.00
10/2/2026, 11:16:58 PM
2027-02-19
$15.00
10/2/2026, 11:16:58 PM
Selected expiration: 2026-10-16 at max pain $15.00.
HNRG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
86500
86500
11
200
58300
58500
13
600
30100
30700
14
800
16400
17200
15
2500
6200
8700
16
204500
1800
206300
17
408300
1400
409700
18
619100
1000
620100
19
850500
600
851100
20
1092100
400
1092500
21
1342400
200
1342600
22
1592700
100
1592800
23
1843000
0
1843000
24
2093300
0
2093300
25
2343600
0
2343600
30
3595100
0
3595100
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.