This page reflects AIP 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 — AIP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $30.00 (5.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$5.53
±15.8%
Days to Expiry
15
Calendar days
Total Call OI
3,399
Nearest expiry
Total Put OI
445
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$35.06
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
$25.00
5/15/2026, 11:02:37 PM
2026-06-18
$30.00
6/18/2026, 11:02:33 PM
2026-07-17NextUpdated
$30.00
7/3/2026, 11:01:52 PM
2026-08-21
$30.00
7/3/2026, 11:01:52 PM
2026-10-16
$5.00
7/3/2026, 11:01:52 PM
2027-01-15
$5.00
7/3/2026, 11:01:52 PM
Selected expiration: 2026-07-17 at max pain $30.00.
AIP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1384750
1384750
5
250
1273500
1273750
7.5
500
1162750
1163250
10
750
1052250
1053000
12.5
1000
943000
944000
15
6750
842000
848750
17.5
13500
741000
754500
20
29750
642500
672250
22.5
47750
553250
601000
25
96500
466000
562500
30
223000
298500
521500
35
427000
146000
573000
40
709000
60500
769500
45
1221000
20500
1241500
50
2208000
0
2208000
55
3841500
0
3841500
60
5538500
0
5538500
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.