This page reflects HWKN 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 — HWKN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $130.00 (25.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$12.40
±8.0%
Days to Expiry
29
Calendar days
Total Call OI
112
Nearest expiry
Total Put OI
21
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$155.11
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
$105.00
4/17/2026, 11:16:42 PM
2026-05-15
$160.00
5/15/2026, 11:19:07 PM
2026-06-18NextUpdated
$130.00
5/20/2026, 11:16:28 PM
2026-09-18
$160.00
5/20/2026, 11:16:28 PM
2026-12-18
$170.00
5/20/2026, 11:16:28 PM
Selected expiration: 2026-06-18 at max pain $130.00.
HWKN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
153500
153500
70
0
143000
143000
75
0
132500
132500
80
0
122000
122000
120
0
38000
38000
125
0
29000
29000
130
1000
21000
22000
135
11500
13000
24500
145
35500
7000
42500
150
47500
4000
51500
155
60000
2000
62000
160
92500
1000
93500
165
126000
0
126000
170
160500
0
160500
175
205500
0
205500
180
251500
0
251500
185
298500
0
298500
190
350500
0
350500
195
403000
0
403000
200
458000
0
458000
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.