This page reflects ECL 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 — ECL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $270.00 (13.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$10.70
±3.8%
Days to Expiry
15
Calendar days
Total Call OI
3,708
Nearest expiry
Total Put OI
4,870
Nearest expiry
P/C OI Ratio
1.31
Put-heavy
Spot Price
$283.36
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
$260.00
5/15/2026, 11:12:46 PM
2026-06-18
$270.00
6/18/2026, 11:12:34 PM
2026-07-17NextUpdated
$270.00
7/3/2026, 11:12:07 PM
2026-08-21
$280.00
7/3/2026, 11:12:07 PM
2026-10-16
$250.00
7/3/2026, 11:12:07 PM
2026-12-18
$260.00
7/3/2026, 11:12:07 PM
2027-01-15
$220.00
7/3/2026, 11:12:07 PM
Selected expiration: 2026-07-17 at max pain $270.00.
ECL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
47465500
47465500
165
0
45031000
45031000
170
0
42597000
42597000
180
0
37730000
37730000
185
0
35298000
35298000
190
0
32866500
32866500
195
0
30436000
30436000
200
0
28007000
28007000
210
0
23166000
23166000
220
0
18337000
18337000
230
9000
13541000
13550000
240
27000
9097000
9124000
250
59000
5264000
5323000
260
130000
2019000
2149000
270
336000
147000
483000
280
1076000
8000
1084000
290
2300000
0
2300000
300
4018000
0
4018000
310
6392000
0
6392000
320
8863000
0
8863000
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.