This page reflects AGO 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 — AGO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (3.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.73
±4.5%
Days to Expiry
15
Calendar days
Total Call OI
960
Nearest expiry
Total Put OI
863
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$83.67
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$85.00
5/15/2026, 11:02:09 PM
2026-06-18
$75.00
6/18/2026, 11:02:05 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:02:47 PM
2026-08-21
$80.00
7/3/2026, 11:02:47 PM
2026-10-16
$85.00
7/3/2026, 11:02:47 PM
2027-01-15
$80.00
7/3/2026, 11:02:47 PM
2027-03-19
$75.00
7/3/2026, 11:02:47 PM
Selected expiration: 2026-07-17 at max pain $80.00.
AGO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
2478000
2478000
50
0
2049000
2049000
55
0
1624000
1624000
60
500
1200500
1201000
65
1500
777000
778500
70
3000
365500
368500
75
5000
154500
159500
80
31000
74500
105500
85
368500
3500
372000
90
732000
1000
733000
95
1098500
500
1099000
100
1475000
0
1475000
105
1904000
0
1904000
115
2762000
0
2762000
125
3720000
0
3720000
130
4199500
0
4199500
135
4679500
0
4679500
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.