Hecla Mining (HL)
Hecla Mining Max Pain By Strike
HL trades at $7.75, 19.2% above the near-term max pain of $6.5 expiring Aug 22, 2025 (3 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$8), signaling increased put positioning or downside protection. Key magnetic zone at 7 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Hecla Mining Max Pain By Expiry
Max pain for HL shows a downward trend from 8 to 5, indicating bearish sentiment or hedging activity. The 47% spread signals divergent expectations across timeframes. Most levels below 7.75 may cap rallies. Strong magnetic level at 7 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 22, 2025 | 6.5 | -1.25 (-16.13%) |
| Aug 29, 2025 | 6.5 | -1.25 (-16.13%) |
| Sep 5, 2025 | 6.5 | -1.25 (-16.13%) |
| Sep 12, 2025 | 7.5 | -0.25 (-3.23%) |
| Sep 19, 2025 | 7 | -0.75 (-9.68%) |
| Sep 26, 2025 | 7 | -0.75 (-9.68%) |
| Oct 17, 2025 | 8 | 0.25 (3.23%) |
| Dec 19, 2025 | 6 | -1.75 (-22.58%) |
| Jan 16, 2026 | 5.5 | -2.25 (-29.03%) |
| Mar 20, 2026 | 5 | -2.75 (-35.48%) |
| Jan 15, 2027 | 5 | -2.75 (-35.48%) |