This page reflects BL 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 — BL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $25.00 (4.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$3.25
±10.9%
Days to Expiry
15
Calendar days
Total Call OI
1,121
Nearest expiry
Total Put OI
484
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$29.88
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
$32.50
5/15/2026, 11:07:19 PM
2026-06-18
$27.50
6/18/2026, 11:06:00 PM
2026-07-17NextUpdated
$25.00
7/3/2026, 11:03:51 PM
2026-08-21
$42.50
7/3/2026, 11:03:51 PM
2026-11-20
$25.00
7/3/2026, 11:03:51 PM
2026-12-18
$27.50
7/3/2026, 11:03:51 PM
2027-01-15
$25.00
7/3/2026, 11:03:51 PM
2027-02-19
$15.00
7/3/2026, 11:03:51 PM
2027-03-19
$25.00
7/3/2026, 11:03:51 PM
Selected expiration: 2026-07-17 at max pain $25.00.
BL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
314000
314000
20
0
108000
108000
22.5
0
7500
7500
25
1500
4250
5750
27.5
11750
2250
14000
30
95000
750
95750
32.5
216750
500
217250
35
491500
250
491750
37.5
770000
0
770000
40
1049500
0
1049500
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.