This page reflects HTGC 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 — HTGC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $16.00 (0.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$0.90
±5.8%
Days to Expiry
29
Calendar days
Total Call OI
2,951
Nearest expiry
Total Put OI
2,991
Nearest expiry
P/C OI Ratio
1.01
Put-heavy
Spot Price
$15.64
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
$15.00
4/17/2026, 11:13:59 PM
2026-05-15
$16.00
5/15/2026, 11:18:54 PM
2026-06-18NextUpdated
$16.00
5/20/2026, 11:16:18 PM
2026-07-17
$16.00
5/20/2026, 11:16:18 PM
2026-08-21
$17.00
5/20/2026, 11:16:18 PM
2026-10-16
$16.00
5/20/2026, 11:16:18 PM
2026-11-20
$15.00
5/20/2026, 11:16:18 PM
2026-12-18
$15.00
5/20/2026, 11:16:18 PM
2027-01-15
$17.00
5/20/2026, 11:16:18 PM
Selected expiration: 2026-06-18 at max pain $16.00.
HTGC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
7
0
2324100
2324100
8
0
2025000
2025000
9
0
1725900
1725900
10
0
1426800
1426800
11
0
1127700
1127700
12
0
828600
828600
13
0
530700
530700
14
0
239400
239400
15
100
24500
24600
16
8100
1800
9900
17
217600
100
217700
18
508100
0
508100
19
803100
0
803100
20
1098100
0
1098100
21
1393200
0
1393200
22
1688300
0
1688300
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.