This page reflects AJG 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 — AJG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $230.00 (22.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$11.55
±4.6%
Days to Expiry
15
Calendar days
Total Call OI
3,797
Nearest expiry
Total Put OI
1,853
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$252.44
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
$210.00
5/15/2026, 11:02:04 PM
2026-06-18
$210.00
6/18/2026, 11:02:29 PM
2026-07-17NextUpdated
$230.00
7/3/2026, 11:02:06 PM
2026-08-21
$230.00
7/3/2026, 11:02:06 PM
2026-09-18
$230.00
7/3/2026, 11:02:06 PM
2026-10-16
$210.00
7/3/2026, 11:02:06 PM
2026-12-18
$210.00
7/3/2026, 11:02:06 PM
2027-01-15
$200.00
7/3/2026, 11:02:06 PM
Selected expiration: 2026-07-17 at max pain $230.00.
AJG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
14994500
14994500
140
0
13151500
13151500
150
0
11308500
11308500
155
1500
10399000
10400500
160
3000
9490000
9493000
165
5500
8584500
8590000
170
8000
7679000
7687000
175
10500
6777500
6788000
180
14000
5877500
5891500
185
22500
5012500
5035000
190
31000
4168500
4199500
195
41000
3377000
3418000
200
52500
2700000
2752500
210
130500
1472000
1602500
220
262500
778000
1040500
230
780500
230000
1010500
240
1950500
145000
2095500
250
3387500
92000
3479500
260
5034500
61000
5095500
270
6863500
30000
6893500
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.