This page reflects AON 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 — AON
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $330.00 (27.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$330.00
Nearest expiry
Expected Move
±$4.75
±1.3%
Days to Expiry
15
Calendar days
Total Call OI
1,497
Nearest expiry
Total Put OI
638
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$357.46
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
$320.00
5/15/2026, 11:02:56 PM
2026-06-18
$330.00
6/18/2026, 11:03:16 PM
2026-07-17NextUpdated
$330.00
7/3/2026, 11:03:14 PM
2026-08-21
$330.00
7/3/2026, 11:03:14 PM
2026-09-18
$320.00
7/3/2026, 11:03:14 PM
2026-10-16
$320.00
7/3/2026, 11:03:14 PM
2027-01-15
$330.00
7/3/2026, 11:03:14 PM
Selected expiration: 2026-07-17 at max pain $330.00.
AON pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
210
0
5934000
5934000
220
0
5299000
5299000
230
0
4666000
4666000
240
0
4039000
4039000
250
0
3416000
3416000
260
0
2817000
2817000
270
0
2247000
2247000
280
0
1705000
1705000
290
6000
1222000
1228000
300
12000
796000
808000
310
26000
416000
442000
320
62000
227000
289000
330
149000
104000
253000
340
308000
20000
328000
350
1008000
3000
1011000
360
1915000
2000
1917000
370
2970000
1000
2971000
380
4104000
0
4104000
390
5287000
0
5287000
400
6544000
0
6544000
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.