This page reflects AG 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 — AG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $17.50 (0.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.21
±6.8%
Days to Expiry
8
Calendar days
Total Call OI
4,894
Nearest expiry
Total Put OI
3,373
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$17.82
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
$17.50
6/26/2026, 11:02:23 PM
2026-07-02
$17.00
7/2/2026, 11:02:04 PM
2026-07-10NextUpdated
$17.50
7/3/2026, 11:01:47 PM
2026-07-17
$19.00
7/3/2026, 11:01:47 PM
2026-07-24
$18.00
7/3/2026, 11:01:47 PM
2026-07-31
$19.00
7/3/2026, 11:01:47 PM
2026-08-07
$15.50
7/3/2026, 11:01:47 PM
2026-08-21
$20.00
7/3/2026, 11:01:47 PM
2026-10-16
$17.00
7/3/2026, 11:01:47 PM
2026-12-18
$15.00
7/3/2026, 11:01:47 PM
2027-01-15
$15.00
7/3/2026, 11:01:47 PM
2027-03-19
$22.00
7/3/2026, 11:01:47 PM
2027-06-17
$17.00
7/3/2026, 11:01:47 PM
Selected expiration: 2026-07-10 at max pain $17.50.
AG pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
2773100
2773100
9
0
2435800
2435800
11
400
1761200
1761600
13
1000
1104600
1105600
13.5
5900
942750
948650
14
12850
781000
793850
14.5
21750
660650
682400
15
31000
543450
574450
15.5
44950
432100
477050
16
67150
332100
399250
16.5
95900
246050
341950
17
131100
175050
306150
17.5
176200
117750
293950
18
256700
69050
325750
18.5
370450
44400
414850
19
499250
28650
527900
19.5
648700
19350
668050
20
806500
12600
819100
20.5
1007150
6800
1013950
21
1212900
1350
1214250
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.