This page reflects AN 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 — AN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $200.00 (13.59 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$9.85
±5.3%
Days to Expiry
15
Calendar days
Total Call OI
426
Nearest expiry
Total Put OI
645
Nearest expiry
P/C OI Ratio
1.51
Put-heavy
Spot Price
$186.41
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
$195.00
5/15/2026, 11:02:51 PM
2026-06-18
$190.00
6/18/2026, 11:03:28 PM
2026-07-17NextUpdated
$200.00
7/3/2026, 11:02:43 PM
2026-08-21
$200.00
7/3/2026, 11:02:43 PM
2026-09-18
$180.00
7/3/2026, 11:02:43 PM
2026-10-16
$195.00
7/3/2026, 11:02:43 PM
2026-11-20
$190.00
7/3/2026, 11:02:43 PM
2027-01-15
$180.00
7/3/2026, 11:02:43 PM
Selected expiration: 2026-07-17 at max pain $200.00.
AN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
4945000
4945000
120
1000
4628000
4629000
125
2000
4312500
4314500
130
3000
3997000
4000000
135
4000
3681500
3685500
140
5000
3366000
3371000
145
6500
3050500
3057000
150
8000
2735000
2743000
155
9500
2421500
2431000
160
11000
2111000
2122000
165
15000
1815000
1830000
170
19000
1520500
1539500
175
23500
1237500
1261000
180
28000
958500
986500
185
35000
706000
741000
190
43000
462000
505000
195
55500
225500
281000
200
72000
6000
78000
210
142000
3000
145000
220
239000
0
239000
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.