This page reflects HPQ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — HPQ
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $32.50 (0.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.50
Nearest expiry
Expected Move
±$1.44
±4.5%
Days to Expiry
7
Calendar days
Total Call OI
5,234
Nearest expiry
Total Put OI
2,812
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$32.12
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$32.50
9/25/2026, 11:14:33 PM
2026-10-02Updated
$32.00
10/2/2026, 11:15:52 PM
2026-10-09Next
$32.50
10/2/2026, 11:15:52 PM
2026-10-16
$35.00
10/2/2026, 11:15:52 PM
2026-10-23
$31.50
10/2/2026, 11:15:52 PM
2026-10-30
$32.00
10/2/2026, 11:15:52 PM
2026-11-06
$30.50
10/2/2026, 11:15:52 PM
2026-11-20
$29.00
10/2/2026, 11:15:52 PM
2026-12-18
$30.00
10/2/2026, 11:15:52 PM
2027-01-15
$23.00
10/2/2026, 11:15:52 PM
2027-02-19
$31.00
10/2/2026, 11:15:52 PM
2027-03-19
$28.00
10/2/2026, 11:15:52 PM
2027-05-21
$31.00
10/2/2026, 11:15:52 PM
2027-06-17
$30.00
10/2/2026, 11:15:52 PM
2027-09-17
$35.00
10/2/2026, 11:15:52 PM
Selected expiration: 2026-10-09 at max pain $32.50.
HPQ pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
4319200
4319200
24
0
1792900
1792900
25
0
1512700
1512700
25.5
0
1387300
1387300
26
0
1264700
1264700
26.5
0
1145500
1145500
27
50
1027400
1027450
27.5
150
917900
918050
28
350
809500
809850
28.5
2300
710400
712700
29
4250
613100
617350
29.5
6500
526400
532900
30
9000
441950
450950
30.5
11950
374400
386350
31
20500
309800
330300
31.5
31450
256800
288250
32
53800
206450
260250
32.5
86300
165000
251300
33
137200
129250
266450
33.5
198400
94250
292650
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.