This page reflects APPS 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 — APPS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $8.00 (4.71 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$2.10
±16.5%
Days to Expiry
15
Calendar days
Total Call OI
18,263
Nearest expiry
Total Put OI
3,878
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$12.71
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
$3.50
5/15/2026, 11:05:00 PM
2026-06-18
$6.00
6/18/2026, 11:02:52 PM
2026-07-17NextUpdated
$8.00
7/3/2026, 11:03:12 PM
2026-08-21
$11.00
7/3/2026, 11:03:12 PM
2026-09-18
$5.00
7/3/2026, 11:03:12 PM
2026-12-18
$6.00
7/3/2026, 11:03:12 PM
2027-01-15
$5.50
7/3/2026, 11:03:12 PM
Selected expiration: 2026-07-17 at max pain $8.00.
APPS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2770100
2770100
1.5
250
2576200
2576450
2
550
2382300
2382850
2.5
1050
2188400
2189450
3
2000
1994500
1996500
3.5
3050
1800600
1803650
4
4850
1606950
1611800
4.5
7000
1413700
1420700
5
9600
1224950
1234550
5.5
17350
1068000
1085350
6
28650
918100
946750
7
60450
638600
699050
8
235950
414200
650150
9
450850
214600
665450
10
961150
107800
1068950
11
1675650
28600
1704250
12
2984050
10900
2994950
13
4468950
2300
4471250
14
6060850
900
6061750
15
7734450
100
7734550
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.