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 Robinhood Markets options about one week from expiration was $89.86. The chart above shows the exact max pain for each expiration date.

Robinhood Markets closed above its near-term max pain on 1 of the last 20 trading days. On Nov 4, 2026 it closed at $87.44, 2.7% below max pain of $89.86.

Over the last 20 trading days, near-term max pain for Robinhood Markets ranged from $89.86 to $110.43. It went from $110.29 on Oct 8, 2026 to $89.86 on Nov 4, 2026. See the HOOD max pain history for a longer view.

Robinhood is a diversified financial services provider best known for its retail brokerage platform, which has historically catered to a young, risk-seeking clientele that trades heavily on margin and in higher-risk asset classes such as options, futures, cryptocurrencies, and, more recently,...