This page reflects HON 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 — HON
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $225.00 (4.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$225.00
Nearest expiry
Expected Move
±$12.55
±5.5%
Days to Expiry
8
Calendar days
Total Call OI
744
Nearest expiry
Total Put OI
973
Nearest expiry
P/C OI Ratio
1.31
Put-heavy
Spot Price
$229.86
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
$220.00
6/26/2026, 11:17:32 PM
2026-07-02
$225.00
7/2/2026, 11:18:00 PM
2026-07-10NextUpdated
$225.00
7/3/2026, 11:16:44 PM
2026-07-17
$220.00
7/3/2026, 11:16:44 PM
2026-07-24
$225.00
7/3/2026, 11:16:44 PM
2026-07-31
$220.00
7/3/2026, 11:16:44 PM
2026-08-07
$235.00
7/3/2026, 11:16:44 PM
2026-08-21
$230.00
7/3/2026, 11:16:44 PM
2026-09-18
$220.00
7/3/2026, 11:16:44 PM
2026-12-18
$210.00
7/3/2026, 11:16:44 PM
2027-01-15
$230.00
7/3/2026, 11:16:44 PM
2027-03-19
$220.00
7/3/2026, 11:16:44 PM
2027-06-17
$210.00
7/3/2026, 11:16:44 PM
Selected expiration: 2026-07-10 at max pain $225.00.
HON pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
9420500
9420500
130
0
8934500
8934500
170
0
5050500
5050500
180
0
4080500
4080500
185
500
3595500
3596000
190
1000
3114000
3115000
192.5
1250
2875500
2876750
195
1500
2637000
2638500
200
2000
2163500
2165500
205
17500
1707000
1724500
210
38500
1259000
1297500
212.5
61250
1041750
1103000
215
84000
824750
908750
217.5
141250
630250
771500
220
198500
436500
635000
222.5
273250
259250
532500
225
348500
100750
449250
227.5
430000
59500
489500
230
511750
19000
530750
232.5
608750
9750
618500
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.