Nearest listed expiration 2026-07-10 shows max pain at $98.00 (1.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$98.00
Nearest expiry
Expected Move
±$4.78
±5.0%
Days to Expiry
8
Calendar days
Total Call OI
30,386
Nearest expiry
Total Put OI
15,202
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$96.14
Published close
Consensus
6.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$100.00
6/26/2026, 11:06:08 PM
2026-07-02
$97.00
7/2/2026, 11:06:57 PM
2026-07-10NextUpdated
$98.00
7/3/2026, 11:05:30 PM
2026-07-17
$107.00
7/3/2026, 11:05:30 PM
2026-07-24
$105.00
7/3/2026, 11:05:30 PM
2026-07-31
$107.00
7/3/2026, 11:05:30 PM
2026-08-07
$95.00
7/3/2026, 11:05:30 PM
2026-08-21
$110.00
7/3/2026, 11:05:30 PM
2026-09-18
$110.00
7/3/2026, 11:05:30 PM
2026-10-16
$115.00
7/3/2026, 11:05:30 PM
2026-11-20
$115.00
7/3/2026, 11:05:30 PM
2026-12-18
$110.00
7/3/2026, 11:05:30 PM
2027-01-15
$135.00
7/3/2026, 11:05:30 PM
2027-03-19
$120.00
7/3/2026, 11:05:30 PM
2027-06-17
$120.00
7/3/2026, 11:05:30 PM
Selected expiration: 2026-07-10 at max pain $98.00.
BABA pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
21251600
21251600
84
0
15254800
15254800
85
0
13764300
13764300
86
900
12394000
12394900
87
2900
11024100
11027000
88
46600
9662100
9708700
89
131300
8530100
8661400
90
216000
7459900
7675900
91
309100
6657100
6966200
92
402200
5920900
6323100
93
495600
5272200
5767800
94
594400
4718200
5312600
95
710200
4179200
4889400
96
889500
3699000
4588500
97
1113600
3236700
4350300
98
1439200
2793300
4232500
99
1856500
2401200
4257700
100
2311900
2064800
4376700
101
3114100
1797000
4911100
102
4118200
1548800
5667000
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.