thetaOwl

HPP

Hudson Pacific Properties, Inc.Close $11.23EOD only
Max Pain
$7.50
Next expiry Jun 18, 2026
Expected Move
±$2.38
21.1% from close
Price Gap
-3.73
Distance to max pain
IV Rank
23
Low premium
P/C OI
0.15
Slightly call-heavy
Consensus
No reports available
Published snapshot: May 22, 2026 close
End-of-day snapshot

This page reflects HPP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 22, 2026 close
Max Pain — HPP
Data as of market close May 22, 2026

Nearest listed expiration 2026-06-18 shows max pain at $7.50 (3.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$2.38
±21.1%
Days to Expiry
27
Calendar days
Total Call OI
33,294
Nearest expiry
Total Put OI
4,880
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$11.23
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-06-18
ExpirationMax Pain StrikeLast Updated
2026-04-17$7.504/17/2026, 11:14:14 PM
2026-05-15$10.005/15/2026, 11:18:53 PM
2026-06-18NextUpdated$7.505/22/2026, 11:15:26 PM
2026-09-18$10.005/22/2026, 11:15:26 PM
2026-12-18$10.005/22/2026, 11:15:26 PM
2027-01-15$2.505/22/2026, 11:15:26 PM
Selected expiration: 2026-06-18 at max pain $7.50.
HPP pain by strike for 2026-06-18 expiration
StrikeCall PainPut PainTotal Pain
2032779503277950
2.510000030340003134000
320100027900502991050
3.530480025461002850900
561860018142502432850
7.511416008165001958100
1019051003467502251850
12.53932350537503986100
15977960017509781350
17.517688100017688100
2026010850026010850
22.534334100034334100
2542657600042657600
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.