This page reflects BILL 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 — BILL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $36.00 (4.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$36.00
Nearest expiry
Expected Move
±$2.60
±6.4%
Days to Expiry
8
Calendar days
Total Call OI
3,131
Nearest expiry
Total Put OI
1,057
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$40.48
Published close
Consensus
-
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
$35.00
6/26/2026, 11:06:07 PM
2026-07-02
$36.00
7/2/2026, 11:07:36 PM
2026-07-10NextUpdated
$36.00
7/3/2026, 11:06:45 PM
2026-07-17
$37.50
7/3/2026, 11:06:45 PM
2026-07-24
$38.00
7/3/2026, 11:06:45 PM
2026-07-31
$34.00
7/3/2026, 11:06:45 PM
2026-08-21
$40.00
7/3/2026, 11:06:45 PM
2026-09-18
$35.00
7/3/2026, 11:06:45 PM
2026-10-16
$32.50
7/3/2026, 11:06:45 PM
2026-11-20
$37.50
7/3/2026, 11:06:45 PM
2027-01-15
$42.50
7/3/2026, 11:06:45 PM
Selected expiration: 2026-07-10 at max pain $36.00.
BILL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
27
0
1084350
1084350
29
0
873950
873950
29.5
0
821400
821400
30
0
768900
768900
31.5
0
611550
611550
32
600
559100
559700
32.5
2300
506650
508950
33
4000
454250
458250
33.5
5950
403750
409700
34
7900
361400
369300
34.5
9850
319100
328950
35
12100
276800
288900
35.5
30750
234850
265600
36
49450
192900
242350
36.5
81700
160950
242650
37
114100
130300
244400
38
180800
82600
263400
39
250700
34900
285600
40
321900
1000
322900
42
925700
0
925700
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.