This page reflects HTZ 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 — HTZ
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $5.50 (0.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.50
Nearest expiry
Expected Move
±$0.29
±5.9%
Days to Expiry
2
Calendar days
Total Call OI
21,368
Nearest expiry
Total Put OI
4,045
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$4.88
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
$6.00
5/8/2026, 11:17:40 PM
2026-05-15
$6.00
5/15/2026, 11:18:17 PM
2026-05-22NextUpdated
$5.50
5/20/2026, 11:15:59 PM
2026-05-29
$6.00
5/20/2026, 11:15:59 PM
2026-06-05
$6.00
5/20/2026, 11:15:59 PM
2026-06-12
$6.50
5/20/2026, 11:15:59 PM
2026-06-18
$9.00
5/20/2026, 11:15:59 PM
2026-06-26
$5.50
5/20/2026, 11:15:59 PM
2026-07-17
$6.00
5/20/2026, 11:15:59 PM
2026-09-18
$6.00
5/20/2026, 11:15:59 PM
2026-12-18
$4.00
5/20/2026, 11:15:59 PM
2027-01-15
$5.00
5/20/2026, 11:15:59 PM
2027-03-19
$4.00
5/20/2026, 11:15:59 PM
Selected expiration: 2026-05-22 at max pain $5.50.
HTZ pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1723250
1723250
1
550
1531750
1532300
1.5
1100
1342750
1343850
2
1650
1158300
1159950
2.5
2400
982350
984750
3
3200
807350
810550
3.5
4000
634800
638800
4
4800
468500
473300
4.5
6100
307850
313950
5
7700
165600
173300
5.5
53250
88850
142100
6
143750
41500
185250
6.5
334950
16400
351350
7
604700
8100
612800
7.5
992750
4050
996800
8
1477950
1850
1479800
8.5
1994800
900
1995700
9
2530800
0
2530800
9.5
3357150
0
3357150
10
4186200
0
4186200
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.