This page reflects AR 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 — AR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $35.50 (0.12 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.50
Nearest expiry
Expected Move
±$1.40
±4.0%
Days to Expiry
8
Calendar days
Total Call OI
978
Nearest expiry
Total Put OI
1,492
Nearest expiry
P/C OI Ratio
1.53
Put-heavy
Spot Price
$35.38
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$34.00
6/26/2026, 11:02:53 PM
2026-07-02
$35.00
7/2/2026, 11:03:15 PM
2026-07-10NextUpdated
$35.50
7/3/2026, 11:02:56 PM
2026-07-17
$36.00
7/3/2026, 11:02:56 PM
2026-07-24
$34.00
7/3/2026, 11:02:56 PM
2026-07-31
$35.00
7/3/2026, 11:02:56 PM
2026-08-07
$34.00
7/3/2026, 11:02:56 PM
2026-08-21
$37.00
7/3/2026, 11:02:56 PM
2026-09-18
$36.00
7/3/2026, 11:02:56 PM
2026-11-20
$37.00
7/3/2026, 11:02:56 PM
2027-01-15
$35.00
7/3/2026, 11:02:56 PM
2027-02-19
$31.00
7/3/2026, 11:02:56 PM
Selected expiration: 2026-07-10 at max pain $35.50.
AR pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
29
0
839100
839100
30
100
689900
690000
31
1000
543800
544800
32
1900
398800
400700
32.5
2350
326900
329250
33
2800
265050
267850
33.5
4150
204650
208800
34
5700
144250
149950
34.5
12250
93800
106050
35
20350
48550
68900
35.5
34650
27550
62200
36
51900
10900
62800
36.5
80300
3500
83800
37
110250
1800
112050
37.5
144950
800
145750
38
181600
500
182100
39
271700
400
272100
40
364500
300
364800
41
458400
200
458600
42
553200
100
553300
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.