Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Hamilton Lane options about one week from expiration was $90.00. The chart above shows the exact max pain for each expiration date.

Hamilton Lane closed above its near-term max pain on 1 of the last 20 trading days. On Nov 4, 2026 it closed at $94.99, 5.5% above max pain of $90.00.

Over the last 20 trading days, near-term max pain for Hamilton Lane ranged from $90.00 to $95.05. It went from $95.05 on Oct 8, 2026 to $90.00 on Nov 4, 2026. See the HLNE max pain history for a longer view.

Hamilton Lane Inc is a private markets investment firm globally, providing solutions to institutional and private wealth investors around the world.