This page reflects HTFL 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 — HTFL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (4.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$5.35
±10.8%
Days to Expiry
14
Calendar days
Total Call OI
641
Nearest expiry
Total Put OI
386
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$49.32
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
$40.00
8/21/2026, 11:17:37 PM
2026-09-18
$45.00
9/18/2026, 11:16:32 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:15:16 PM
2026-11-20
$55.00
10/2/2026, 11:15:16 PM
2026-12-18
$35.00
10/2/2026, 11:15:16 PM
2027-01-15
$35.00
10/2/2026, 11:15:16 PM
2027-03-19
$30.00
10/2/2026, 11:15:16 PM
2027-04-16
$40.00
10/2/2026, 11:15:16 PM
Selected expiration: 2026-10-16 at max pain $45.00.
HTFL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
1221500
1221500
15
250
1125000
1125250
20
1250
932000
933250
22.5
2500
836750
839250
25
4000
741500
745500
30
7000
568500
575500
35
40500
395500
436000
40
96500
222500
319000
45
191000
81000
272000
50
326500
7000
333500
55
557500
0
557500
60
820000
0
820000
65
1123500
0
1123500
70
1432500
0
1432500
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.