Max Pain — HPE
Data as of market close Apr 2, 2026
HPE Max Pain Data
- Max Pain Strike
- $23.50
- Expected Move
- ±$1.23 (±5.0%)
- Days to Expiry
- 8
- Total Call OI
- 3,496
- Total Put OI
- 5,838
- Put/Call OI Ratio
- 1.67
- Spot Price
- $24.61
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $25.50 | 3/27/2026, 2:33:57 PM |
| 2026-04-02 | $22.00 | 4/1/2026, 7:02:21 PM |
| 2026-04-10 | $23.50 | 4/3/2026, 12:44:22 AM |
| 2026-04-17 | $22.00 | 4/3/2026, 12:44:22 AM |
| 2026-04-24 | $25.50 | 4/3/2026, 12:44:22 AM |
| 2026-05-01 | $24.50 | 4/3/2026, 12:44:22 AM |
| 2026-05-15 | $23.00 | 4/3/2026, 12:44:22 AM |
| 2026-06-18 | $20.00 | 4/3/2026, 12:44:22 AM |
| 2026-08-21 | $20.00 | 4/3/2026, 12:44:22 AM |
| 2026-09-18 | $25.00 | 4/3/2026, 12:44:22 AM |
| 2026-11-20 | $16.00 | 4/3/2026, 12:44:22 AM |
| 2026-12-18 | $22.00 | 4/3/2026, 12:44:22 AM |
| 2027-01-15 | $20.00 | 4/3/2026, 12:44:22 AM |
| 2027-03-19 | $22.00 | 4/3/2026, 12:44:22 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 14 | 0 | 4566700 | 4566700 |
| 15 | 100 | 3985900 | 3986000 |
| 15.5 | 250 | 3695500 | 3695750 |
| 16 | 550 | 3405100 | 3405650 |
| 16.5 | 900 | 3114700 | 3115600 |
| 17 | 1300 | 2824300 | 2825600 |
| 17.5 | 1750 | 2534050 | 2535800 |
| 18 | 2400 | 2245000 | 2247400 |
| 18.5 | 3450 | 1956550 | 1960000 |
| 19 | 4650 | 1668600 | 1673250 |
| 19.5 | 5900 | 1383400 | 1389300 |
| 20 | 7150 | 1180650 | 1187800 |
| 20.5 | 8650 | 978250 | 986900 |
| 21 | 10900 | 780350 | 791250 |
| 21.5 | 21450 | 596100 | 617550 |
| 22 | 36200 | 463050 | 499250 |
| 22.5 | 54450 | 336150 | 390600 |
| 23 | 79600 | 214100 | 293700 |
| 23.5 | 120850 | 170500 | 291350 |
| 24 | 167250 | 130950 | 298200 |
View max pain levels for HPE options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.