Max Pain — HWM
Data as of market close Apr 2, 2026
HWM Max Pain Data
- Max Pain Strike
- $240.00
- Expected Move
- ±$11.00 (±4.7%)
- Days to Expiry
- 8
- Total Call OI
- 503
- Total Put OI
- 419
- Put/Call OI Ratio
- 0.83
- Spot Price
- $232.68
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $237.50 | 3/27/2026, 2:34:53 PM |
| 2026-04-02 | $230.00 | 4/1/2026, 7:04:15 PM |
| 2026-04-10 | $240.00 | 4/3/2026, 12:45:56 AM |
| 2026-04-17 | $220.00 | 4/3/2026, 12:45:56 AM |
| 2026-04-24 | $235.00 | 4/3/2026, 12:45:56 AM |
| 2026-05-01 | $240.00 | 4/3/2026, 12:45:56 AM |
| 2026-05-08 | $255.00 | 4/3/2026, 12:45:56 AM |
| 2026-05-15 | $210.00 | 4/3/2026, 12:45:56 AM |
| 2026-06-18 | $210.00 | 4/3/2026, 12:45:56 AM |
| 2026-07-17 | $260.00 | 4/3/2026, 12:45:56 AM |
| 2026-09-18 | $220.00 | 4/3/2026, 12:45:56 AM |
| 2026-10-16 | $195.00 | 4/3/2026, 12:45:56 AM |
| 2026-12-18 | $230.00 | 4/3/2026, 12:45:56 AM |
| 2027-01-15 | $110.00 | 4/3/2026, 12:45:56 AM |
| 2027-03-19 | $200.00 | 4/3/2026, 12:45:56 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 185 | 0 | 1644750 | 1644750 |
| 200 | 0 | 1017750 | 1017750 |
| 205 | 0 | 827250 | 827250 |
| 215 | 0 | 448250 | 448250 |
| 220 | 0 | 327750 | 327750 |
| 225 | 2000 | 226250 | 228250 |
| 227.5 | 3250 | 183500 | 186750 |
| 230 | 4500 | 141000 | 145500 |
| 232.5 | 6750 | 103000 | 109750 |
| 235 | 14250 | 65500 | 79750 |
| 237.5 | 26000 | 35000 | 61000 |
| 240 | 38000 | 21250 | 59250 |
| 245 | 217500 | 4750 | 222250 |
| 247.5 | 313250 | 3500 | 316750 |
| 250 | 410750 | 2250 | 413000 |
| 252.5 | 519750 | 1250 | 521000 |
| 255 | 629750 | 1000 | 630750 |
| 260 | 851750 | 500 | 852250 |
| 265 | 1095250 | 0 | 1095250 |
| 270 | 1341750 | 0 | 1341750 |
View max pain levels for HWM options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.