This page reflects ADI 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 — ADI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $400.00 (22.84 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$400.00
Nearest expiry
Expected Move
±$22.70
±6.0%
Days to Expiry
8
Calendar days
Total Call OI
2,791
Nearest expiry
Total Put OI
1,555
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$377.16
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
$420.00
6/26/2026, 11:01:46 PM
2026-07-02
$407.50
7/2/2026, 11:01:52 PM
2026-07-10NextUpdated
$400.00
7/3/2026, 11:01:56 PM
2026-07-17
$400.00
7/3/2026, 11:01:56 PM
2026-07-24
$430.00
7/3/2026, 11:01:56 PM
2026-07-31
$405.00
7/3/2026, 11:01:56 PM
2026-08-07
$400.00
7/3/2026, 11:01:56 PM
2026-08-21
$400.00
7/3/2026, 11:01:56 PM
2026-09-18
$350.00
7/3/2026, 11:01:56 PM
2026-12-18
$380.00
7/3/2026, 11:01:56 PM
2027-01-15
$380.00
7/3/2026, 11:01:56 PM
2027-03-19
$440.00
7/3/2026, 11:01:56 PM
2027-06-17
$220.00
7/3/2026, 11:01:56 PM
Selected expiration: 2026-07-10 at max pain $400.00.
ADI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
205
0
26246250
26246250
210
500
25468750
25469250
220
2500
23913750
23916250
265
16000
16916250
16932250
270
18500
16138750
16157250
275
21000
15363750
15384750
280
24000
14588750
14612750
285
27500
13814250
13841750
295
35500
12265250
12300750
300
40500
11490750
11531250
310
51500
9941750
9993250
320
63500
8392750
8456250
325
69500
7620750
7690250
330
75500
6854750
6930250
335
81500
6094750
6176250
340
87500
5339250
5426750
345
93500
4588750
4682250
347.5
99000
4220500
4319500
350
104500
3860000
3964500
352.5
110000
3515500
3625500
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.