This page reflects HRI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — HRI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $130.00 (2.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$16.50
±12.4%
Days to Expiry
29
Calendar days
Total Call OI
611
Nearest expiry
Total Put OI
1,055
Nearest expiry
P/C OI Ratio
1.73
Put-heavy
Spot Price
$132.62
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$100.00
4/17/2026, 11:18:06 PM
2026-05-15
$115.00
5/15/2026, 11:17:05 PM
2026-06-18NextUpdated
$130.00
5/20/2026, 11:16:34 PM
2026-09-18
$120.00
5/20/2026, 11:16:34 PM
2026-12-18
$105.00
5/20/2026, 11:16:34 PM
Selected expiration: 2026-06-18 at max pain $130.00.
HRI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
5221500
5221500
70
2000
4719500
4721500
75
4000
4218000
4222000
80
6500
3717000
3723500
85
9000
3223500
3232500
90
11500
2740000
2751500
95
27000
2288500
2315500
100
92500
1859000
1951500
105
161500
1529000
1690500
110
233500
1201000
1434500
115
306500
880000
1186500
120
381000
572500
953500
125
465000
274500
739500
130
566000
83500
649500
135
677500
52000
729500
140
799500
22000
821500
145
947000
5500
952500
150
1110500
4500
1115000
155
1320000
3500
1323500
160
1560000
2500
1562500
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.