This page reflects AXSM 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 — AXSM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $240.00 (4.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$16.85
±6.9%
Days to Expiry
15
Calendar days
Total Call OI
2,120
Nearest expiry
Total Put OI
1,086
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$244.31
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
$180.00
5/15/2026, 11:04:45 PM
2026-06-18
$200.00
6/18/2026, 11:05:52 PM
2026-07-17NextUpdated
$240.00
7/3/2026, 11:04:37 PM
2026-08-21
$200.00
7/3/2026, 11:04:37 PM
2026-09-18
$200.00
7/3/2026, 11:04:37 PM
2026-12-18
$200.00
7/3/2026, 11:04:37 PM
2027-01-15
$170.00
7/3/2026, 11:04:37 PM
2027-03-19
$220.00
7/3/2026, 11:04:37 PM
Selected expiration: 2026-07-17 at max pain $240.00.
AXSM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
8157500
8157500
160
1500
6528500
6530000
165
2500
5985500
5988000
175
5500
4899500
4905000
180
7000
4357500
4364500
185
8500
3822000
3830500
190
10000
3295000
3305000
195
11500
2778500
2790000
200
14500
2264000
2278500
210
37500
1457000
1494500
220
70500
935000
1005500
230
217500
485000
702500
240
434500
154000
588500
250
877500
37000
914500
260
1465500
14000
1479500
270
2169500
3000
2172500
280
3041500
2000
3043500
290
4605500
1000
4606500
300
6322500
0
6322500
310
8414500
0
8414500
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.