Hewlett Packard Enterprise CompClose $33.80EOD only
Max Pain
$31.50
Next expiry May 22, 2026
Expected Move
±$1.33
3.9% from close
Price Gap
-2.30
Distance to max pain
IV Rank
27
Middle-high premium
P/C OI
0.89
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects HPE 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 — HPE
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $31.50 (2.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.50
Nearest expiry
Expected Move
±$1.33
±3.9%
Days to Expiry
2
Calendar days
Total Call OI
9,432
Nearest expiry
Total Put OI
7,372
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$33.80
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
$28.00
5/8/2026, 11:14:52 PM
2026-05-15
$27.00
5/15/2026, 11:17:50 PM
2026-05-22NextUpdated
$31.50
5/20/2026, 11:14:28 PM
2026-05-29
$30.00
5/20/2026, 11:14:28 PM
2026-06-05
$29.00
5/20/2026, 11:14:28 PM
2026-06-12
$26.50
5/20/2026, 11:14:28 PM
2026-06-18
$25.00
5/20/2026, 11:14:28 PM
2026-06-26
$28.50
5/20/2026, 11:14:28 PM
2026-07-17
$33.00
5/20/2026, 11:14:28 PM
2026-08-21
$29.00
5/20/2026, 11:14:28 PM
2026-09-18
$25.00
5/20/2026, 11:14:28 PM
2026-11-20
$28.00
5/20/2026, 11:14:28 PM
2026-12-18
$22.00
5/20/2026, 11:14:28 PM
2027-01-15
$22.00
5/20/2026, 11:14:28 PM
2027-03-19
$27.00
5/20/2026, 11:14:28 PM
Selected expiration: 2026-05-22 at max pain $31.50.
HPE pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
10510200
10510200
16
5900
9773000
9778900
18
29300
8299600
8328900
19
41000
7563100
7604100
19.5
46850
7194900
7241750
20
52700
6826750
6879450
20.5
58550
6458850
6517400
21
64400
6091300
6155700
21.5
70400
5723850
5794250
22
76400
5356600
5433000
22.5
82400
4989700
5072100
23
88400
4623700
4712100
23.5
96050
4261150
4357200
24
104200
3898750
4002950
24.5
112750
3536950
3649700
25
154500
3229700
3384200
25.5
197650
2927100
3124750
26
240900
2625600
2866500
26.5
284900
2325550
2610450
27
329400
2079000
2408400
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.