This page reflects HQY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — HQY
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $90.00 (1.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$3.62
±4.0%
Days to Expiry
11
Calendar days
Total Call OI
62
Nearest expiry
Total Put OI
139
Nearest expiry
P/C OI Ratio
2.24
Put-heavy
Spot Price
$91.55
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$95.00
8/21/2026, 11:15:22 PM
2026-09-18
$85.00
9/18/2026, 11:18:02 PM
2026-10-16NextUpdated
$90.00
10/5/2026, 11:15:04 PM
2026-11-20
$90.00
10/5/2026, 11:15:04 PM
2026-12-18
$95.00
10/5/2026, 11:15:04 PM
2027-03-19
$85.00
10/5/2026, 11:15:04 PM
2027-06-17
$65.00
10/5/2026, 11:15:04 PM
Selected expiration: 2026-10-16 at max pain $90.00.
HQY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
274500
274500
75
0
206000
206000
80
0
138000
138000
85
0
71000
71000
90
0
8000
8000
95
7000
1500
8500
100
20000
0
20000
105
45500
0
45500
110
73000
0
73000
115
102000
0
102000
120
132000
0
132000
125
162000
0
162000
130
192500
0
192500
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.