This page reflects HRI 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 — HRI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $140.00 (1.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$11.75
±8.5%
Days to Expiry
14
Calendar days
Total Call OI
766
Nearest expiry
Total Put OI
335
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$138.37
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
$135.00
8/21/2026, 11:17:04 PM
2026-09-18
$140.00
9/18/2026, 11:17:04 PM
2026-10-16NextUpdated
$140.00
10/2/2026, 11:17:10 PM
2026-11-20
$145.00
10/2/2026, 11:17:10 PM
2026-12-18
$120.00
10/2/2026, 11:17:10 PM
2027-03-19
$130.00
10/2/2026, 11:17:10 PM
Selected expiration: 2026-10-16 at max pain $140.00.
HRI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
579000
579000
115
0
412500
412500
120
0
259000
259000
125
500
120500
121000
130
1500
56000
57500
135
2500
20500
23000
140
6000
9000
15000
145
14000
2500
16500
150
138000
0
138000
155
291000
0
291000
160
481500
0
481500
165
763500
0
763500
170
1061500
0
1061500
175
1422500
0
1422500
180
1785500
0
1785500
185
2157500
0
2157500
190
2529500
0
2529500
200
3279500
0
3279500
220
4787500
0
4787500
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.