This page reflects COO 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 — COO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (4.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$2.92
±3.9%
Days to Expiry
15
Calendar days
Total Call OI
2,518
Nearest expiry
Total Put OI
985
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$74.20
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, 11:07:58 PM
2026-06-18
$65.00
6/18/2026, 11:10:40 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:08:35 PM
2026-08-21
$70.00
7/3/2026, 11:08:35 PM
2026-11-20
$60.00
7/3/2026, 11:08:35 PM
2026-12-18
$60.00
7/3/2026, 11:08:35 PM
Selected expiration: 2026-07-17 at max pain $70.00.
COO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
3072000
3072000
35
0
2580500
2580500
45
1000
1598500
1599500
50
1500
1111000
1112500
55
2000
627000
629000
60
2500
365500
368000
65
12000
134500
146500
70
59000
1000
60000
75
571500
0
571500
80
1722000
0
1722000
85
2979500
0
2979500
90
4237500
0
4237500
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.