This page reflects HPQ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — HPQ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $27.00 (2.96 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$1.07
±3.6%
Days to Expiry
3
Calendar days
Total Call OI
50,364
Nearest expiry
Total Put OI
53,070
Nearest expiry
P/C OI Ratio
1.05
Put-heavy
Spot Price
$29.96
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$26.50
8/7/2026, 11:16:27 PM
2026-08-14
$28.00
8/14/2026, 11:14:42 PM
2026-08-21NextUpdated
$27.00
8/18/2026, 11:15:30 PM
2026-08-28
$30.00
8/18/2026, 11:15:30 PM
2026-09-04
$27.50
8/18/2026, 11:15:30 PM
2026-09-11
$29.50
8/18/2026, 11:15:30 PM
2026-09-18
$29.00
8/18/2026, 11:15:30 PM
2026-09-25
$28.00
8/18/2026, 11:15:30 PM
2026-10-02
$27.00
8/18/2026, 11:15:30 PM
2026-10-16
$30.00
8/18/2026, 11:15:30 PM
2026-11-20
$26.00
8/18/2026, 11:15:30 PM
2026-12-18
$24.00
8/18/2026, 11:15:30 PM
2027-01-15
$23.00
8/18/2026, 11:15:30 PM
2027-02-19
$27.00
8/18/2026, 11:15:30 PM
2027-03-19
$22.00
8/18/2026, 11:15:30 PM
2027-06-17
$30.00
8/18/2026, 11:15:30 PM
Selected expiration: 2026-08-21 at max pain $27.00.
HPQ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
68295800
68295800
13
3600
52384400
52388000
14
5400
47080600
47086000
15
7400
41798000
41805400
16
10500
36560900
36571400
17
18500
31756800
31775300
18
26800
27049600
27076400
19
119600
22640700
22760300
19.5
174500
20704450
20878950
20
229500
18768200
18997700
20.5
343100
17041050
17384150
21
456700
15315600
15772300
21.5
613300
13697800
14311100
22
770000
12247450
13017450
22.5
964550
10899050
11863600
23
1159250
9553700
10712950
23.5
1402800
8553550
9956350
24
1646850
7555700
9202550
24.5
1933500
6762900
8696400
25
2234300
5997350
8231650
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.