This page reflects APPF 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 — APPF
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $170.00 (0.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$14.60
±8.5%
Days to Expiry
15
Calendar days
Total Call OI
2,058
Nearest expiry
Total Put OI
720
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$170.90
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
$165.00
5/15/2026, 11:02:49 PM
2026-06-18
$155.00
6/18/2026, 11:02:59 PM
2026-07-17NextUpdated
$170.00
7/3/2026, 11:03:07 PM
2026-08-21
$120.00
7/3/2026, 11:03:07 PM
2026-10-16
$160.00
7/3/2026, 11:03:07 PM
2027-01-15
$150.00
7/3/2026, 11:03:07 PM
Selected expiration: 2026-07-17 at max pain $170.00.
APPF pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
2972000
2972000
115
0
2623000
2623000
120
0
2274500
2274500
125
0
1927500
1927500
130
2500
1636500
1639000
135
5000
1349000
1354000
140
9000
1067500
1076500
145
15000
854500
869500
150
22000
723000
745000
155
43500
599000
642500
160
66000
480500
546500
165
89000
372000
461000
170
117000
266000
383000
175
147500
240000
387500
180
180500
214000
394500
185
257000
199000
456000
190
334500
184000
518500
195
412000
171500
583500
200
552500
159000
711500
210
1667500
136000
1803500
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.