This page reflects HON 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 — HON
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $217.50 (0.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$217.50
Nearest expiry
Expected Move
±$4.83
±2.2%
Days to Expiry
2
Calendar days
Total Call OI
1,661
Nearest expiry
Total Put OI
1,237
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$217.39
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$212.50
5/8/2026, 11:14:51 PM
2026-05-15
$225.00
5/15/2026, 11:19:13 PM
2026-05-22NextUpdated
$217.50
5/20/2026, 11:17:02 PM
2026-05-29
$217.50
5/20/2026, 11:17:02 PM
2026-06-05
$215.00
5/20/2026, 11:17:02 PM
2026-06-12
$210.00
5/20/2026, 11:17:02 PM
2026-06-18
$220.00
5/20/2026, 11:17:02 PM
2026-06-26
$215.00
5/20/2026, 11:17:02 PM
2026-07-17
$220.00
5/20/2026, 11:17:02 PM
2026-08-21
$220.00
5/20/2026, 11:17:02 PM
2026-09-18
$220.00
5/20/2026, 11:17:02 PM
2026-12-18
$210.00
5/20/2026, 11:17:02 PM
2027-01-15
$230.00
5/20/2026, 11:17:02 PM
2027-03-19
$200.00
5/20/2026, 11:17:02 PM
Selected expiration: 2026-05-22 at max pain $217.50.
HON pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
7046000
7046000
155
0
6427500
6427500
170
0
4572000
4572000
180
0
3375000
3375000
185
0
2777000
2777000
190
0
2197500
2197500
192.5
0
1912750
1912750
195
0
1630250
1630250
197.5
0
1354750
1354750
200
0
1089500
1089500
202.5
750
853750
854500
205
1500
625250
626750
207.5
2250
411750
414000
210
3250
284500
287750
212.5
16000
186000
202000
215
43000
115750
158750
217.5
81500
77000
158500
220
247500
52000
299500
222.5
472250
35250
507500
225
723750
19500
743250
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.