This page reflects AU 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 — AU
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $90.00 (5.35 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$6.75
±8.0%
Days to Expiry
15
Calendar days
Total Call OI
12,359
Nearest expiry
Total Put OI
9,404
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$84.65
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
$100.00
5/15/2026, 11:06:07 PM
2026-06-18
$90.00
6/18/2026, 11:05:17 PM
2026-07-17NextUpdated
$90.00
7/3/2026, 11:04:50 PM
2026-08-21
$80.00
7/3/2026, 11:04:50 PM
2026-10-16
$85.00
7/3/2026, 11:04:50 PM
2026-12-18
$75.00
7/3/2026, 11:04:50 PM
2027-01-15
$100.00
7/3/2026, 11:04:50 PM
2027-03-19
$90.00
7/3/2026, 11:04:50 PM
Selected expiration: 2026-07-17 at max pain $90.00.
AU pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
42341000
42341000
45
1500
37643500
37645000
50
3000
32948500
32951500
55
4500
28259500
28264000
60
7000
23577500
23584500
65
25000
18987500
19012500
70
49500
14602500
14652000
75
81000
10648500
10729500
80
144500
7277500
7422000
85
720000
4717500
5437500
90
1422500
3036500
4459000
95
4512500
1567500
6080000
100
8482500
583500
9066000
105
12987000
373000
13360000
110
17691000
244000
17935000
115
22815000
115000
22930000
120
28145500
58000
28203500
125
33761000
27000
33788000
130
39431500
21000
39452500
135
45360500
17500
45378000
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.