This page reflects DTE 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 — DTE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $145.00 (9.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$4.38
±2.8%
Days to Expiry
15
Calendar days
Total Call OI
2,454
Nearest expiry
Total Put OI
592
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$154.06
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
$145.00
5/15/2026, 11:13:59 PM
2026-06-18
$145.00
6/18/2026, 11:03:58 PM
2026-07-17NextUpdated
$145.00
7/3/2026, 11:11:54 PM
2026-08-21
$145.00
7/3/2026, 11:11:54 PM
2026-10-16
$145.00
7/3/2026, 11:11:54 PM
2027-01-15
$130.00
7/3/2026, 11:11:54 PM
Selected expiration: 2026-07-17 at max pain $145.00.
DTE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
3069500
3069500
100
0
2181500
2181500
105
0
1887000
1887000
110
0
1592500
1592500
115
0
1343000
1343000
120
0
1097000
1097000
125
1500
860000
861500
130
4500
635000
639500
135
7500
415500
423000
140
11500
219500
231000
145
62500
49000
111500
150
576500
5000
581500
155
1272500
1000
1273500
160
2271000
0
2271000
165
3408500
0
3408500
170
4565500
0
4565500
175
5785500
0
5785500
180
7007500
0
7007500
185
8231500
0
8231500
190
9456000
0
9456000
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.