This page reflects HRI 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 — HRI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $145.00 (10.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$12.50
±9.3%
Days to Expiry
15
Calendar days
Total Call OI
415
Nearest expiry
Total Put OI
557
Nearest expiry
P/C OI Ratio
1.34
Put-heavy
Spot Price
$134.91
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
$115.00
5/15/2026, 11:17:05 PM
2026-06-18
$120.00
6/18/2026, 11:18:15 PM
2026-07-17NextUpdated
$145.00
7/3/2026, 11:17:38 PM
2026-08-21
$150.00
7/3/2026, 11:17:38 PM
2026-09-18
$130.00
7/3/2026, 11:17:38 PM
2026-12-18
$115.00
7/3/2026, 11:17:38 PM
Selected expiration: 2026-07-17 at max pain $145.00.
HRI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
2454000
2454000
100
0
2176000
2176000
105
0
1898500
1898500
110
0
1621500
1621500
115
0
1348000
1348000
120
0
1084500
1084500
125
0
824500
824500
130
1000
567500
568500
135
11500
313500
325000
140
28000
155500
183500
145
66000
500
66500
150
113000
0
113000
155
181000
0
181000
160
268500
0
268500
165
381000
0
381000
170
557500
0
557500
175
747000
0
747000
180
941500
0
941500
185
1142000
0
1142000
190
1348500
0
1348500
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.