This page reflects HRB 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 — HRB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (5.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.35
±5.9%
Days to Expiry
15
Calendar days
Total Call OI
2,754
Nearest expiry
Total Put OI
2,607
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$40.04
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$30.00
5/15/2026, 11:18:52 PM
2026-06-18
$35.00
6/18/2026, 11:18:04 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:17:24 PM
2026-08-21
$35.00
7/3/2026, 11:17:24 PM
2026-10-16
$35.00
7/3/2026, 11:17:24 PM
2026-11-20
$35.00
7/3/2026, 11:17:24 PM
2027-01-15
$40.00
7/3/2026, 11:17:24 PM
Selected expiration: 2026-07-17 at max pain $35.00.
HRB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
4493000
4493000
17.5
0
3841250
3841250
20
0
3189500
3189500
22.5
0
2543750
2543750
25
0
1924000
1924000
30
2500
882500
885000
35
138500
231000
369500
40
615000
500
615500
45
1642500
0
1642500
50
2947000
0
2947000
55
4306000
0
4306000
60
5665000
0
5665000
65
7039500
0
7039500
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.