thetaOwl

HPE

Hewlett Packard Enterprise CompClose $41.23EOD only
Max Pain
$42.00
Next expiry Jul 10, 2026
Expected Move
±$3.15
7.6% from close
Price Gap
+0.77
Distance to max pain
IV Rank
38
Middle-high premium
P/C OI
0.73
Slightly call-heavy
Consensus
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — HPE
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-10 shows max pain at $42.00 (0.77 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$3.15
±7.6%
Days to Expiry
8
Calendar days
Total Call OI
10,538
Nearest expiry
Total Put OI
4,356
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$41.23
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-10
ExpirationMax Pain StrikeLast Updated
2026-06-26$47.006/26/2026, 11:15:21 PM
2026-07-02$44.007/2/2026, 11:17:13 PM
2026-07-10NextUpdated$42.007/3/2026, 11:14:34 PM
2026-07-17$45.007/3/2026, 11:14:34 PM
2026-07-24$46.007/3/2026, 11:14:34 PM
2026-07-31$44.507/3/2026, 11:14:34 PM
2026-08-07$49.507/3/2026, 11:14:34 PM
2026-08-21$33.007/3/2026, 11:14:34 PM
2026-09-18$40.007/3/2026, 11:14:34 PM
2026-11-20$31.007/3/2026, 11:14:34 PM
2026-12-18$30.007/3/2026, 11:14:34 PM
2027-01-15$30.007/3/2026, 11:14:34 PM
2027-02-19$42.007/3/2026, 11:14:34 PM
2027-03-19$47.007/3/2026, 11:14:34 PM
2027-06-17$33.007/3/2026, 11:14:34 PM
Selected expiration: 2026-07-10 at max pain $42.00.
HPE pain by strike for 2026-07-10 expiration
StrikeCall PainPut PainTotal Pain
20085384008538400
2538050063959006776400
2873210051104005842500
2986060046819005542500
3099190042534005245300
31112350038249004948400
32125670033973004654000
32.5132430031868504511150
33139190029817504373650
33.5146005027812004241250
34152820025807504108950
34.5159905023855503984600
35166990021976503867550
35.5174320020677503810950
36181650019391003755600
36.5188980018107003700500
37196310016849003648000
37.5203655015596003596150
38211000014376003547600
38.5218345013170503500500
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.