This page reflects HSY 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 — HSY
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $190.00 (0.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$3.80
±2.0%
Days to Expiry
2
Calendar days
Total Call OI
558
Nearest expiry
Total Put OI
757
Nearest expiry
P/C OI Ratio
1.36
Put-heavy
Spot Price
$190.84
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$182.50
5/8/2026, 11:15:35 PM
2026-05-15
$195.00
5/15/2026, 11:16:57 PM
2026-05-22NextUpdated
$190.00
5/20/2026, 11:16:54 PM
2026-05-29
$185.00
5/20/2026, 11:16:54 PM
2026-06-05
$190.00
5/20/2026, 11:16:54 PM
2026-06-12
$185.00
5/20/2026, 11:16:54 PM
2026-06-18
$190.00
5/20/2026, 11:16:54 PM
2026-06-26
$190.00
5/20/2026, 11:16:54 PM
2026-07-17
$195.00
5/20/2026, 11:16:54 PM
2026-08-21
$190.00
5/20/2026, 11:16:54 PM
2026-09-18
$190.00
5/20/2026, 11:16:54 PM
2026-11-20
$185.00
5/20/2026, 11:16:54 PM
2026-12-18
$185.00
5/20/2026, 11:16:54 PM
2027-01-15
$180.00
5/20/2026, 11:16:54 PM
2027-03-19
$190.00
5/20/2026, 11:16:54 PM
Selected expiration: 2026-05-22 at max pain $190.00.
HSY pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
4681000
4681000
125
0
4304000
4304000
130
0
3927500
3927500
145
0
2802500
2802500
150
0
2428000
2428000
155
0
2056000
2056000
160
0
1684500
1684500
165
500
1316000
1316500
167.5
750
1132250
1133000
170
1000
948750
949750
172.5
1250
799000
800250
175
1500
649750
651250
177.5
1750
530750
532500
180
2000
416000
418000
182.5
3250
316250
319500
185
4750
222000
226750
187.5
44000
150750
194750
190
85750
83000
168750
192.5
136500
36000
172500
195
193500
5000
198500
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.