This page reflects AMTM 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 — AMTM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $25.00 (3.76 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$1.90
±8.9%
Days to Expiry
15
Calendar days
Total Call OI
20,178
Nearest expiry
Total Put OI
3,764
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$21.24
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, 11:03:21 PM
2026-06-18
$22.50
6/18/2026, 11:02:32 PM
2026-07-17NextUpdated
$25.00
7/3/2026, 11:02:33 PM
2026-08-21
$22.50
7/3/2026, 11:02:33 PM
2026-10-16
$25.00
7/3/2026, 11:02:33 PM
2027-01-15
$22.50
7/3/2026, 11:02:33 PM
Selected expiration: 2026-07-17 at max pain $25.00.
AMTM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
4012750
4012750
15
2750
3071750
3074500
17.5
5500
2133000
2138500
20
8500
1204500
1213000
22.5
30250
550250
580500
25
219250
14250
233500
27.5
761500
6000
767500
30
1381500
2250
1383750
32.5
4027250
1500
4028750
35
7319000
750
7319750
37.5
11018000
0
11018000
40
15896750
0
15896750
42.5
20852750
0
20852750
45
25816750
0
25816750
47.5
30824000
0
30824000
50
35835250
0
35835250
55
45924250
0
45924250
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.