This page reflects AAP 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 — AAP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $60.00 (1.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$3.57
±5.8%
Days to Expiry
8
Calendar days
Total Call OI
7,784
Nearest expiry
Total Put OI
663
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$61.53
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, 11:01:12 PM
2026-07-02
$58.00
7/2/2026, 11:01:18 PM
2026-07-10NextUpdated
$60.00
7/3/2026, 11:01:04 PM
2026-07-17
$50.00
7/3/2026, 11:01:04 PM
2026-07-24
$58.00
7/3/2026, 11:01:04 PM
2026-07-31
$62.00
7/3/2026, 11:01:04 PM
2026-08-21
$57.50
7/3/2026, 11:01:04 PM
2026-09-18
$50.00
7/3/2026, 11:01:04 PM
2026-12-18
$47.50
7/3/2026, 11:01:04 PM
2027-01-15
$45.00
7/3/2026, 11:01:04 PM
2027-03-19
$50.00
7/3/2026, 11:01:04 PM
2027-06-17
$30.00
7/3/2026, 11:01:04 PM
Selected expiration: 2026-07-10 at max pain $60.00.
AAP pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1789500
1789500
35
0
1460500
1460500
40
52500
1132500
1185000
45
105000
805000
910000
46
115500
739600
855100
47
126000
674500
800500
48
136500
619500
756000
49
147000
564800
711800
50
158500
510200
668700
51
170100
455900
626000
52
181700
401700
583400
53
193800
348100
541900
54
205900
294800
500700
55
218000
241800
459800
56
231000
190900
421900
57
244400
140400
384800
58
258500
103700
362200
59
278200
73500
351700
60
297900
47200
345100
61
619300
40500
659800
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.