This page reflects CE 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 — CE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (2.32 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$5.12
±10.8%
Days to Expiry
15
Calendar days
Total Call OI
4,973
Nearest expiry
Total Put OI
4,452
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$47.68
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
$65.00
5/15/2026, 11:08:58 PM
2026-06-18
$60.00
6/18/2026, 11:03:43 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:07:14 PM
2026-08-21
$45.00
7/3/2026, 11:07:14 PM
2026-09-18
$70.00
7/3/2026, 11:07:14 PM
2026-12-18
$50.00
7/3/2026, 11:07:14 PM
2027-01-15
$70.00
7/3/2026, 11:07:14 PM
2027-03-19
$35.00
7/3/2026, 11:07:14 PM
2027-06-17
$50.00
7/3/2026, 11:07:14 PM
Selected expiration: 2026-07-17 at max pain $50.00.
CE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
6785500
6785500
35
0
4561000
4561000
40
500
2361000
2361500
45
1000
449500
450500
50
20000
117500
137500
55
163000
0
163000
60
1220500
0
1220500
65
2712000
0
2712000
70
4901500
0
4901500
75
7109000
0
7109000
80
9593500
0
9593500
85
12079000
0
12079000
90
14565000
0
14565000
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.