This page reflects ELV 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 — ELV
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $380.00 (37.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$380.00
Nearest expiry
Expected Move
±$25.20
±6.0%
Days to Expiry
15
Calendar days
Total Call OI
3,178
Nearest expiry
Total Put OI
2,544
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$417.89
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
$330.00
5/15/2026, 11:12:58 PM
2026-06-18
$390.00
6/18/2026, 11:10:17 PM
2026-07-17NextUpdated
$380.00
7/3/2026, 11:11:48 PM
2026-08-21
$410.00
7/3/2026, 11:11:48 PM
2026-09-18
$360.00
7/3/2026, 11:11:48 PM
2026-11-20
$400.00
7/3/2026, 11:11:48 PM
2026-12-18
$390.00
7/3/2026, 11:11:48 PM
2027-01-15
$350.00
7/3/2026, 11:11:48 PM
2027-03-19
$350.00
7/3/2026, 11:11:48 PM
2027-06-17
$390.00
7/3/2026, 11:11:48 PM
Selected expiration: 2026-07-17 at max pain $380.00.
ELV pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
49762500
49762500
165
0
48491000
48491000
170
0
47220000
47220000
180
0
44680000
44680000
230
0
31985000
31985000
240
0
29457000
29457000
250
1000
26932000
26933000
260
2000
24422000
24424000
270
3000
21916000
21919000
280
6000
19423000
19429000
290
9000
16932000
16941000
300
12000
14443000
14455000
310
24000
12254000
12278000
320
36000
10070000
10106000
330
50000
7904000
7954000
340
73000
5775000
5848000
350
103000
4019000
4122000
360
152000
2676000
2828000
370
220000
1510000
1730000
380
343000
735000
1078000
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.