This page reflects HON 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 — HON
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $207.50 (6.49 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$207.50
Nearest expiry
Expected Move
±$6.05
±2.8%
Days to Expiry
7
Calendar days
Total Call OI
942
Nearest expiry
Total Put OI
783
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$213.99
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
$205.00
9/25/2026, 11:17:04 PM
2026-10-02Updated
$207.50
10/2/2026, 11:13:41 PM
2026-10-09Next
$207.50
10/2/2026, 11:13:41 PM
2026-10-16
$210.00
10/2/2026, 11:13:41 PM
2026-10-23
$215.00
10/2/2026, 11:13:41 PM
2026-10-30
$210.00
10/2/2026, 11:13:41 PM
2026-11-20
$210.00
10/2/2026, 11:13:41 PM
2026-12-18
$220.00
10/2/2026, 11:13:41 PM
2027-01-15
$270.00
10/2/2026, 11:13:41 PM
2027-03-19
$220.00
10/2/2026, 11:13:41 PM
2027-06-17
$220.00
10/2/2026, 11:13:41 PM
2027-09-17
$200.00
10/2/2026, 11:13:41 PM
Selected expiration: 2026-10-09 at max pain $207.50.
HON pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
3967500
3967500
175
0
2072500
2072500
180
2000
1696000
1698000
185
4000
1321000
1325000
190
6000
955500
961500
192.5
7000
790000
797000
195
8000
624750
632750
197.5
11500
478250
489750
200
15000
344250
359250
202.5
24750
232000
256750
205
34500
151500
186000
207.5
62500
94000
156500
210
101500
55750
157250
212.5
165500
30250
195750
215
253250
11750
265000
217.5
363750
750
364500
220
480750
0
480750
222.5
611500
0
611500
225
751750
0
751750
227.5
959750
0
959750
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.