This page reflects CLS 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 — CLS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $365.00 (28.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$365.00
Nearest expiry
Expected Move
±$30.90
±9.2%
Days to Expiry
8
Calendar days
Total Call OI
3,275
Nearest expiry
Total Put OI
4,454
Nearest expiry
P/C OI Ratio
1.36
Put-heavy
Spot Price
$336.21
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
$360.00
6/26/2026, 11:08:30 PM
2026-07-02
$355.00
7/2/2026, 11:10:14 PM
2026-07-10NextUpdated
$365.00
7/3/2026, 11:08:31 PM
2026-07-17
$360.00
7/3/2026, 11:08:31 PM
2026-07-24
$360.00
7/3/2026, 11:08:31 PM
2026-07-31
$330.00
7/3/2026, 11:08:31 PM
2026-08-07
$360.00
7/3/2026, 11:08:31 PM
2026-08-21
$360.00
7/3/2026, 11:08:31 PM
2026-09-18
$350.00
7/3/2026, 11:08:31 PM
2026-10-16
$360.00
7/3/2026, 11:08:31 PM
2026-11-20
$380.00
7/3/2026, 11:08:31 PM
2026-12-18
$300.00
7/3/2026, 11:08:31 PM
2027-01-15
$250.00
7/3/2026, 11:08:31 PM
2027-02-19
$330.00
7/3/2026, 11:08:31 PM
2027-03-19
$520.00
7/3/2026, 11:08:31 PM
2027-05-21
$320.00
7/3/2026, 11:08:31 PM
Selected expiration: 2026-07-10 at max pain $365.00.
CLS pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
195
0
62210750
62210750
200
0
59984250
59984250
205
2000
57790750
57792750
210
4000
55598250
55602250
215
6000
53408750
53414750
220
8000
51221250
51229250
225
10000
49036750
49046750
230
12000
46852750
46864750
240
16000
42587750
42603750
245
18000
40456250
40474250
250
20000
38344750
38364750
255
22000
36240750
36262750
260
24000
34149250
34173250
265
26000
32070250
32096250
270
28000
29998750
30026750
272.5
30000
28977000
29007000
275
32000
27956000
27988000
280
36000
25916500
25952500
285
41500
23889500
23931000
290
47000
21878000
21925000
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.