This page reflects BETA 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 — BETA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $17.50 (0.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$2.25
±12.4%
Days to Expiry
15
Calendar days
Total Call OI
12,593
Nearest expiry
Total Put OI
3,020
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$18.11
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
$17.50
5/15/2026, 11:06:34 PM
2026-06-18
$17.50
6/18/2026, 11:05:26 PM
2026-07-17NextUpdated
$17.50
7/3/2026, 11:06:06 PM
2026-08-21
$17.50
7/3/2026, 11:06:06 PM
2026-10-16
$17.50
7/3/2026, 11:06:06 PM
2027-01-15
$17.50
7/3/2026, 11:06:06 PM
Selected expiration: 2026-07-17 at max pain $17.50.
BETA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
3544000
3544000
7.5
1250
2791000
2792250
10
3000
2039500
2042500
12.5
6250
1324750
1331000
15
37500
761250
798750
17.5
94750
451250
546000
20
1042000
242250
1284250
22.5
3728750
84000
3812750
25
6508500
1500
6510000
30
12330000
1000
12331000
35
18404500
500
18405000
40
24633500
0
24633500
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.