This page reflects HOG 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 — HOG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $25.50 (0.54 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.50
Nearest expiry
Expected Move
±$1.23
±4.9%
Days to Expiry
8
Calendar days
Total Call OI
263
Nearest expiry
Total Put OI
268
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$24.96
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$26.00
6/26/2026, 11:16:44 PM
2026-07-02
$26.00
7/2/2026, 11:17:47 PM
2026-07-10NextUpdated
$25.50
7/3/2026, 11:14:09 PM
2026-07-17
$25.00
7/3/2026, 11:14:09 PM
2026-07-24
$24.00
7/3/2026, 11:14:09 PM
2026-07-31
$26.00
7/3/2026, 11:14:09 PM
2026-08-07
$19.00
7/3/2026, 11:14:09 PM
2026-08-21
$21.00
7/3/2026, 11:14:09 PM
2026-11-20
$24.00
7/3/2026, 11:14:09 PM
2027-01-15
$25.00
7/3/2026, 11:14:09 PM
2027-02-19
$19.00
7/3/2026, 11:14:09 PM
Selected expiration: 2026-07-10 at max pain $25.50.
HOG pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
21
0
102400
102400
21.5
0
89200
89200
22
0
76600
76600
22.5
0
64350
64350
23
0
52300
52300
23.5
200
40900
41100
24
400
30200
30600
24.5
600
19750
20350
25
800
9650
10450
25.5
2050
1450
3500
26
8050
550
8600
26.5
14350
300
14650
27
22950
100
23050
28
44450
0
44450
28.5
57050
0
57050
29
69900
0
69900
29.5
82800
0
82800
30
95800
0
95800
31
122000
0
122000
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.