This page reflects CR 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 — CR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (2.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$12.35
±5.7%
Days to Expiry
15
Calendar days
Total Call OI
173
Nearest expiry
Total Put OI
2,584
Nearest expiry
P/C OI Ratio
14.94
Put-heavy
Spot Price
$217.64
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
$175.00
5/15/2026, 11:12:06 PM
2026-06-18
$170.00
6/18/2026, 11:10:27 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:09:09 PM
2026-08-21
$210.00
7/3/2026, 11:09:09 PM
2026-09-18
$170.00
7/3/2026, 11:09:09 PM
2026-11-20
$160.00
7/3/2026, 11:09:09 PM
2026-12-18
$195.00
7/3/2026, 11:09:09 PM
Selected expiration: 2026-07-17 at max pain $220.00.
CR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
16309000
16309000
140
30000
13725000
13755000
145
55000
12434000
12489000
150
80000
11143500
11223500
165
168500
7272000
7440500
175
227500
4693000
4920500
180
257500
3403500
3661000
185
288000
2654000
2942000
190
319000
1904500
2223500
195
350000
1155000
1505000
200
382000
409000
791000
210
487000
194000
681000
220
606000
0
606000
230
765000
0
765000
240
927000
0
927000
260
1253000
0
1253000
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.