This page reflects ARCB 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 — ARCB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $155.00 (15.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$12.60
±9.0%
Days to Expiry
15
Calendar days
Total Call OI
99
Nearest expiry
Total Put OI
200
Nearest expiry
P/C OI Ratio
2.02
Put-heavy
Spot Price
$139.67
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
$125.00
5/15/2026, 11:05:11 PM
2026-06-18
$80.00
6/18/2026, 11:05:02 PM
2026-07-17NextUpdated
$155.00
7/3/2026, 11:03:20 PM
2026-08-21
$160.00
7/3/2026, 11:03:20 PM
2026-09-18
$135.00
7/3/2026, 11:03:20 PM
2026-12-18
$135.00
7/3/2026, 11:03:20 PM
Selected expiration: 2026-07-17 at max pain $155.00.
ARCB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
1061000
1061000
105
1000
861000
862000
110
2000
761500
763500
125
5000
464500
469500
130
6000
367000
373000
135
7500
271500
279000
140
10000
178500
188500
145
13500
129500
143000
150
18000
83000
101000
155
26000
41000
67000
160
46500
25000
71500
165
73000
10500
83500
170
105500
0
105500
175
141500
0
141500
180
180000
0
180000
185
222500
0
222500
190
267500
0
267500
200
364500
0
364500
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.