This page reflects HNRG 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 — HNRG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $18.00 (1.75 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
±$1.93
±11.8%
Days to Expiry
15
Calendar days
Total Call OI
7,306
Nearest expiry
Total Put OI
11,346
Nearest expiry
P/C OI Ratio
1.55
Put-heavy
Spot Price
$16.25
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
$17.00
5/15/2026, 11:17:39 PM
2026-06-18
$18.00
6/18/2026, 11:17:10 PM
2026-07-17NextUpdated
$18.00
7/3/2026, 11:13:27 PM
2026-08-21
$13.00
7/3/2026, 11:13:27 PM
2026-11-20
$17.00
7/3/2026, 11:13:27 PM
2027-01-15
$15.00
7/3/2026, 11:13:27 PM
Selected expiration: 2026-07-17 at max pain $18.00.
HNRG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
3153300
3153300
14
0
2123700
2123700
15
0
1109200
1109200
16
0
608000
608000
17
100
291300
291400
18
5800
35300
41100
19
366500
9200
375700
20
901100
1500
902600
21
1498900
1000
1499900
22
2114800
500
2115300
23
2814700
100
2814800
24
3528600
0
3528600
25
4243200
0
4243200
26
4973800
0
4973800
27
5704400
0
5704400
28
6435000
0
6435000
30
7896200
0
7896200
35
11549200
0
11549200
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.