This page reflects ARCC 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 — ARCC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $18.00 (0.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.57
±3.1%
Days to Expiry
15
Calendar days
Total Call OI
9,310
Nearest expiry
Total Put OI
4,321
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$18.73
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
$19.00
5/15/2026, 11:05:14 PM
2026-06-18
$19.00
6/18/2026, 11:03:35 PM
2026-07-17NextUpdated
$18.00
7/3/2026, 11:03:08 PM
2026-08-21
$17.00
7/3/2026, 11:03:08 PM
2026-09-18
$19.00
7/3/2026, 11:03:08 PM
2026-12-18
$20.00
7/3/2026, 11:03:08 PM
2027-01-15
$20.00
7/3/2026, 11:03:08 PM
Selected expiration: 2026-07-17 at max pain $18.00.
ARCC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
2994700
2994700
12
600
2563000
2563600
13
1200
2131300
2132500
14
2100
1699600
1701700
15
3300
1268000
1271300
16
4500
837000
841500
17
6000
414100
420100
18
8600
101200
109800
19
153700
4500
158200
20
956800
1400
958200
21
1886800
800
1887600
22
2817500
400
2817900
23
3748200
100
3748300
24
4678900
0
4678900
25
5609600
0
5609600
26
6540400
0
6540400
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.