This page reflects ARRY 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 — ARRY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $8.00 (1.03 above 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
±$0.88
±12.6%
Days to Expiry
15
Calendar days
Total Call OI
23,923
Nearest expiry
Total Put OI
7,157
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$6.97
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
$8.00
5/15/2026, 11:05:16 PM
2026-06-18
$8.00
6/18/2026, 11:03:45 PM
2026-07-17NextUpdated
$8.00
7/3/2026, 11:03:20 PM
2026-08-21
$9.00
7/3/2026, 11:03:20 PM
2026-09-18
$8.00
7/3/2026, 11:03:20 PM
2026-10-16
$9.00
7/3/2026, 11:03:20 PM
2026-11-20
$9.00
7/3/2026, 11:03:20 PM
2027-01-15
$7.00
7/3/2026, 11:03:20 PM
Selected expiration: 2026-07-17 at max pain $8.00.
ARRY pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
4662400
4662400
2
600
3946900
3947500
3
2200
3231400
3233600
4
4000
2515900
2519900
5
6400
1824100
1830500
6
10900
1166800
1177700
7
37000
563100
600100
8
82200
139800
222000
9
494800
57000
551800
10
1169500
9100
1178600
11
2469600
6700
2476300
12
3834500
4400
3838900
13
5325500
2100
5327600
14
7121700
800
7122500
15
8932900
300
8933200
16
11298000
0
11298000
17
13681000
0
13681000
20
20833300
0
20833300
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.