This page reflects ARW 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 — ARW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (22.52 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$5.45
±2.8%
Days to Expiry
15
Calendar days
Total Call OI
780
Nearest expiry
Total Put OI
68
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$197.48
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
$160.00
5/15/2026, 11:03:14 PM
2026-06-18
$135.00
6/18/2026, 11:03:40 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:04:34 PM
2026-08-21
$220.00
7/3/2026, 11:04:34 PM
2026-09-18
$210.00
7/3/2026, 11:04:34 PM
2026-12-18
$230.00
7/3/2026, 11:04:34 PM
Selected expiration: 2026-07-17 at max pain $220.00.
ARW pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
155
0
334000
334000
170
1500
232000
233500
175
2500
199500
202000
180
3500
168000
171500
190
5500
106000
111500
195
6500
76000
82500
200
7500
51000
58500
210
10500
20000
30500
220
17500
5000
22500
230
51500
1000
52500
240
98500
0
98500
250
744500
0
744500
260
1395500
0
1395500
270
2068500
0
2068500
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.