This page reflects APH 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 — APH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $150.00 (14.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$14.40
±8.8%
Days to Expiry
15
Calendar days
Total Call OI
24,206
Nearest expiry
Total Put OI
29,229
Nearest expiry
P/C OI Ratio
1.21
Put-heavy
Spot Price
$164.59
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
$140.00
5/15/2026, 11:03:42 PM
2026-06-18
$135.00
6/18/2026, 11:03:03 PM
2026-07-17NextUpdated
$150.00
7/3/2026, 11:04:17 PM
2026-08-21
$130.00
7/3/2026, 11:04:17 PM
2026-09-18
$130.00
7/3/2026, 11:04:17 PM
2026-10-16
$155.00
7/3/2026, 11:04:17 PM
2026-11-20
$140.00
7/3/2026, 11:04:17 PM
2026-12-18
$135.00
7/3/2026, 11:04:17 PM
2027-01-15
$115.00
7/3/2026, 11:04:17 PM
2027-03-19
$135.00
7/3/2026, 11:04:17 PM
2027-06-17
$115.00
7/3/2026, 11:04:17 PM
Selected expiration: 2026-07-17 at max pain $150.00.
APH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
164468500
164468500
70
500
149854000
149854500
75
2000
135247000
135249000
80
3500
120640000
120643500
85
16500
106046000
106062500
90
33000
91476000
91509000
95
56000
77678500
77734500
100
84000
63914500
63998500
105
119500
50451500
50571000
110
169000
39593000
39762000
115
231000
28935500
29166500
120
311500
23315000
23626500
125
526000
18026500
18552500
130
837000
13832500
14669500
135
1693500
10397500
12091000
140
2647500
7372500
10020000
145
3854500
5008500
8863000
150
5314500
2950500
8265000
155
8206000
1828500
10034500
160
11754500
911500
12666000
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.