This page reflects AM 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 — AM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $22.00 (0.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$0.97
±4.3%
Days to Expiry
15
Calendar days
Total Call OI
13,871
Nearest expiry
Total Put OI
1,676
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$22.46
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
$22.00
5/15/2026, 11:02:20 PM
2026-06-18
$20.00
6/18/2026, 11:02:38 PM
2026-07-17NextUpdated
$22.00
7/3/2026, 11:02:20 PM
2026-08-21
$23.00
7/3/2026, 11:02:20 PM
2026-09-18
$22.00
7/3/2026, 11:02:20 PM
2026-12-18
$20.00
7/3/2026, 11:02:20 PM
2027-01-15
$17.00
7/3/2026, 11:02:20 PM
Selected expiration: 2026-07-17 at max pain $22.00.
AM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
1347300
1347300
14
100
1179700
1179800
15
600
1012100
1012700
16
1300
844500
845800
17
2400
676900
679300
18
4200
509300
513500
19
6500
342900
349400
20
8900
186000
194900
21
11900
37000
48900
22
25000
6800
31800
23
1129200
300
1129500
24
2306800
200
2307000
26
5068600
0
5068600
27
6455600
0
6455600
28
7842600
0
7842600
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.