This page reflects AA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — AA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $54.00 (5.32 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$54.00
Nearest expiry
Expected Move
±$1.45
±3.0%
Days to Expiry
8
Calendar days
Total Call OI
6,358
Nearest expiry
Total Put OI
7,156
Nearest expiry
P/C OI Ratio
1.13
Put-heavy
Spot Price
$48.68
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$57.00
6/26/2026, 11:01:02 PM
2026-07-02
$50.00
7/2/2026, 11:01:03 PM
2026-07-10NextUpdated
$54.00
7/3/2026, 11:01:01 PM
2026-07-17
$56.00
7/3/2026, 11:01:01 PM
2026-07-24
$55.00
7/3/2026, 11:01:01 PM
2026-07-31
$55.00
7/3/2026, 11:01:01 PM
2026-08-07
$54.00
7/3/2026, 11:01:01 PM
2026-08-21
$60.00
7/3/2026, 11:01:01 PM
2026-09-18
$50.00
7/3/2026, 11:01:01 PM
2026-10-16
$55.00
7/3/2026, 11:01:01 PM
2026-12-18
$50.00
7/3/2026, 11:01:01 PM
2027-01-15
$45.00
7/3/2026, 11:01:01 PM
2027-03-19
$60.00
7/3/2026, 11:01:01 PM
2027-06-17
$50.00
7/3/2026, 11:01:01 PM
Selected expiration: 2026-07-10 at max pain $54.00.
AA pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
4902600
4902600
41
0
4413400
4413400
42
0
3925600
3925600
43
0
3440000
3440000
43.5
0
3198100
3198100
44
0
2967350
2967350
44.5
0
2743000
2743000
45
0
2520000
2520000
45.5
3400
2314550
2317950
46
6800
2111000
2117800
46.5
10200
1916700
1926900
47
13600
1742050
1755650
47.5
17000
1574900
1591900
48
20400
1408200
1428600
48.5
23800
1242400
1266200
49
27200
1078250
1105450
49.5
30600
917050
947650
50
37700
759400
797100
51
92800
601400
694200
52
158200
446100
604300
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.