This page reflects AS 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 — AS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $32.50 (2.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.50
Nearest expiry
Expected Move
±$2.67
±7.6%
Days to Expiry
15
Calendar days
Total Call OI
26,274
Nearest expiry
Total Put OI
11,965
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$35.05
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
$35.00
5/15/2026, 11:05:45 PM
2026-06-18
$32.50
6/18/2026, 11:04:41 PM
2026-07-17NextUpdated
$32.50
7/3/2026, 11:04:43 PM
2026-08-21
$35.00
7/3/2026, 11:04:43 PM
2026-09-18
$35.00
7/3/2026, 11:04:43 PM
2026-12-18
$35.00
7/3/2026, 11:04:43 PM
2027-01-15
$35.00
7/3/2026, 11:04:43 PM
Selected expiration: 2026-07-17 at max pain $32.50.
AS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
17902000
17902000
20
0
14910750
14910750
22.5
250
11919500
11919750
25
750
8929000
8929750
27.5
40500
5944000
5984500
30
86000
2973500
3059500
32.5
132500
197750
330250
35
1463000
55500
1518500
37.5
4808000
7500
4815500
40
8336500
750
8337250
42.5
14806750
0
14806750
45
21310250
0
21310250
47.5
27836000
0
27836000
50
34362750
0
34362750
55
47417250
0
47417250
60
60471750
0
60471750
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.