This page reflects APG 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 — APG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $40.00 (1.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.75
±6.5%
Days to Expiry
15
Calendar days
Total Call OI
12,209
Nearest expiry
Total Put OI
123
Nearest expiry
P/C OI Ratio
0.01
Put-heavy
Spot Price
$41.98
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
$45.00
5/15/2026, 11:04:52 PM
2026-06-18
$41.00
6/18/2026, 11:02:43 PM
2026-07-17NextUpdated
$40.00
7/3/2026, 11:04:09 PM
2026-08-21
$41.00
7/3/2026, 11:04:09 PM
2026-10-16
$42.00
7/3/2026, 11:04:09 PM
2027-01-15
$40.00
7/3/2026, 11:04:09 PM
Selected expiration: 2026-07-17 at max pain $40.00.
APG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
179100
179100
30
0
117600
117600
32
0
93000
93000
33
300
80700
81000
34
600
69500
70100
35
1000
58500
59500
36
1800
47900
49700
37
2600
37800
40400
38
3400
27900
31300
39
4200
21500
25700
40
5800
15200
21000
41
11200
12300
23500
42
17600
9400
27000
43
32700
6900
39600
44
52300
5500
57800
45
71900
4100
76000
46
1275000
3000
1278000
47
2478300
2100
2480400
48
3681900
1400
3683300
49
4885600
700
4886300
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.