This page reflects HRL 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 — HRL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $24.00 (1.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$0.65
±2.6%
Days to Expiry
8
Calendar days
Total Call OI
1,564
Nearest expiry
Total Put OI
354
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$25.00
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$24.00
6/26/2026, 11:16:57 PM
2026-07-02
$24.00
7/2/2026, 11:17:11 PM
2026-07-10NextUpdated
$24.00
7/3/2026, 11:15:03 PM
2026-07-17
$23.00
7/3/2026, 11:15:03 PM
2026-07-24
$26.00
7/3/2026, 11:15:03 PM
2026-07-31
$24.00
7/3/2026, 11:15:03 PM
2026-08-07
$26.00
7/3/2026, 11:15:03 PM
2026-08-21
$26.00
7/3/2026, 11:15:03 PM
2026-09-18
$22.00
7/3/2026, 11:15:03 PM
2026-12-18
$23.00
7/3/2026, 11:15:03 PM
2027-01-15
$23.00
7/3/2026, 11:15:03 PM
Selected expiration: 2026-07-10 at max pain $24.00.
HRL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
451200
451200
12
200
416100
416300
14
800
345900
346700
20
3200
135300
138500
21
4200
101300
105500
21.5
4900
84400
89300
22
5600
67500
73100
22.5
6400
53350
59750
23
7200
39300
46500
23.5
18000
26800
44800
24
29000
14500
43500
24.5
52600
7400
60000
25
76500
3700
80200
26
163600
0
163600
27
311100
0
311100
28
467400
0
467400
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.