This page reflects EFX 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 — EFX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $165.00 (7.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$11.20
±6.5%
Days to Expiry
15
Calendar days
Total Call OI
2,377
Nearest expiry
Total Put OI
1,891
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$172.07
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, 11:14:45 PM
2026-06-18
$165.00
6/18/2026, 11:11:22 PM
2026-07-17NextUpdated
$165.00
7/3/2026, 11:11:31 PM
2026-08-21
$155.00
7/3/2026, 11:11:31 PM
2026-10-16
$160.00
7/3/2026, 11:11:31 PM
2026-12-18
$195.00
7/3/2026, 11:11:31 PM
2027-01-15
$185.00
7/3/2026, 11:11:31 PM
Selected expiration: 2026-07-17 at max pain $165.00.
EFX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
12108000
12108000
95
0
11164000
11164000
100
0
10221500
10221500
105
1500
9280500
9282000
110
3000
8340000
8343000
120
8000
6459000
6467000
125
10500
5524500
5535000
130
13000
4592500
4605500
135
16000
3667000
3683000
140
19000
2814000
2833000
145
22500
2080000
2102500
150
29000
1367000
1396000
155
37000
924500
961500
160
59000
538000
597000
165
123000
297500
420500
170
296500
127000
423500
175
516500
76500
593000
180
760500
41500
802000
185
1040500
34000
1074500
190
2150500
27000
2177500
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.