This page reflects HOG 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 — HOG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $25.50 (0.95 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
±$1.07
±4.4%
Days to Expiry
7
Calendar days
Total Call OI
71
Nearest expiry
Total Put OI
144
Nearest expiry
P/C OI Ratio
2.03
Put-heavy
Spot Price
$24.55
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$20.00
9/25/2026, 11:18:09 PM
2026-10-02Updated
$25.00
10/2/2026, 11:16:02 PM
2026-10-09Next
$25.50
10/2/2026, 11:16:02 PM
2026-10-16
$26.00
10/2/2026, 11:16:02 PM
2026-10-23
$25.00
10/2/2026, 11:16:02 PM
2026-10-30
$25.00
10/2/2026, 11:16:02 PM
2026-11-20
$25.00
10/2/2026, 11:16:02 PM
2027-01-15
$25.00
10/2/2026, 11:16:02 PM
2027-02-19
$27.00
10/2/2026, 11:16:02 PM
2027-05-21
$25.00
10/2/2026, 11:16:02 PM
Selected expiration: 2026-10-09 at max pain $25.50.
HOG pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
75200
75200
22
0
32000
32000
22.5
0
24950
24950
23
0
18150
18150
23.5
50
12250
12300
24
100
7000
7100
24.5
300
4650
4950
25
750
2550
3300
25.5
1550
1100
2650
26
2700
600
3300
26.5
4600
300
4900
27
6600
0
6600
28
11700
0
11700
28.5
14550
0
14550
29
17450
0
17450
29.5
20400
0
20400
30
23400
0
23400
32
36400
0
36400
33
43100
0
43100
35
56700
0
56700
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.