Nearest listed expiration 2026-07-06 shows max pain at $240.00 (2.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$4.70
±1.9%
Days to Expiry
4
Calendar days
Total Call OI
23,102
Nearest expiry
Total Put OI
16,646
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$242.67
Published close
Consensus
8.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-06
Expiration
Max Pain Strike
Last Updated
2026-07-01
$237.50
7/1/2026, 11:04:31 PM
2026-07-02
$235.00
7/2/2026, 11:03:29 PM
2026-07-06NextUpdated
$240.00
7/3/2026, 11:03:40 PM
2026-07-08
$235.00
7/3/2026, 11:03:40 PM
2026-07-10
$240.00
7/3/2026, 11:03:40 PM
2026-07-17
$240.00
7/3/2026, 11:03:40 PM
2026-07-24
$235.00
7/3/2026, 11:03:40 PM
2026-07-31
$230.00
7/3/2026, 11:03:40 PM
2026-08-07
$235.00
7/3/2026, 11:03:40 PM
2026-08-21
$240.00
7/3/2026, 11:03:40 PM
2026-09-18
$230.00
7/3/2026, 11:03:40 PM
2026-10-16
$245.00
7/3/2026, 11:03:40 PM
2026-11-20
$240.00
7/3/2026, 11:03:40 PM
2026-12-18
$215.00
7/3/2026, 11:03:40 PM
2027-01-15
$220.00
7/3/2026, 11:03:40 PM
2027-03-19
$245.00
7/3/2026, 11:03:40 PM
2027-06-17
$215.00
7/3/2026, 11:03:40 PM
Selected expiration: 2026-07-06 at max pain $240.00.
AMZN pain by strike for 2026-07-06 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
85056250
85056250
185
0
76735250
76735250
190
1000
68414750
68415750
195
2500
60094250
60096750
200
4000
51779250
51783250
205
15500
43468250
43483750
207.5
26250
39325500
39351750
210
37000
35192750
35229750
212.5
51500
31339000
31390500
215
70000
27506500
27576500
217.5
131250
23723000
23854250
220
192500
19965750
20158250
222.5
466250
16598750
17065000
225
809750
13568250
14378000
227.5
1169250
10649500
11818750
230
1668000
8000000
9668000
232.5
2328500
5967000
8295500
235
3023500
4085750
7109250
237.5
3791750
2505500
6297250
240
4724250
1303000
6027250
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.