This page reflects ASH 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 — ASH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $55.00 (12.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$4.85
±7.2%
Days to Expiry
15
Calendar days
Total Call OI
3,212
Nearest expiry
Total Put OI
1,336
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$67.01
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
$50.00
5/15/2026, 11:03:29 PM
2026-06-18
$55.00
6/18/2026, 11:04:58 PM
2026-07-17NextUpdated
$55.00
7/3/2026, 11:04:02 PM
2026-08-21
$40.00
7/3/2026, 11:04:02 PM
2026-10-16
$55.00
7/3/2026, 11:04:02 PM
2027-01-15
$65.00
7/3/2026, 11:04:02 PM
Selected expiration: 2026-07-17 at max pain $55.00.
ASH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
3691500
3691500
40
0
1689000
1689000
45
0
1021500
1021500
50
46500
492500
539000
55
98000
44500
142500
60
696000
10500
706500
65
1637000
4000
1641000
70
2597500
0
2597500
75
4140000
0
4140000
80
5701000
0
5701000
85
7264500
0
7264500
90
8868000
0
8868000
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.