This page reflects ATO 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 — ATO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $170.00 (6.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$4.92
±2.8%
Days to Expiry
15
Calendar days
Total Call OI
1,619
Nearest expiry
Total Put OI
185
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$176.87
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
$185.00
5/15/2026, 11:05:59 PM
2026-06-18
$170.00
6/18/2026, 11:04:57 PM
2026-07-17NextUpdated
$170.00
7/3/2026, 11:05:12 PM
2026-08-21
$170.00
7/3/2026, 11:05:12 PM
2026-10-16
$175.00
7/3/2026, 11:05:12 PM
2027-01-15
$150.00
7/3/2026, 11:05:12 PM
Selected expiration: 2026-07-17 at max pain $170.00.
ATO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
826000
826000
125
1000
736500
737500
130
3500
647000
650500
135
6000
557500
563500
140
8500
468500
477000
145
13500
379500
393000
150
26500
291000
317500
155
40000
205500
245500
160
53500
124000
177500
165
70000
78500
148500
170
92500
39500
132000
175
385500
9000
394500
180
765000
2500
767500
185
1304500
1500
1306000
190
1861000
1000
1862000
195
2447000
500
2447500
200
3067000
0
3067000
210
4375000
0
4375000
220
5785000
0
5785000
250
10639000
0
10639000
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.