This page reflects HSAI 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 — HSAI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $17.50 (2.12 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.38
±8.9%
Days to Expiry
14
Calendar days
Total Call OI
19,530
Nearest expiry
Total Put OI
6,518
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$15.38
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
$20.00
8/21/2026, 11:14:17 PM
2026-09-18
$17.50
9/18/2026, 11:18:08 PM
2026-10-16NextUpdated
$17.50
10/2/2026, 11:15:27 PM
2026-11-20
$17.50
10/2/2026, 11:15:27 PM
2027-01-15
$17.50
10/2/2026, 11:15:27 PM
2027-02-19
$17.50
10/2/2026, 11:15:27 PM
2027-04-16
$15.00
10/2/2026, 11:15:27 PM
Selected expiration: 2026-10-16 at max pain $17.50.
HSAI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
3251500
3251500
12.5
1250
1973500
1974750
15
206000
777750
983750
17.5
560500
149000
709500
20
1406250
12500
1418750
22.5
3273750
7500
3281250
25
7555250
2500
7557750
30
17015250
0
17015250
35
26711750
0
26711750
40
36441250
0
36441250
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.