This page reflects EME 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 — EME
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $790.00 (15.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$790.00
Nearest expiry
Expected Move
±$54.45
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
1,057
Nearest expiry
Total Put OI
790
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$774.66
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
$820.00
5/15/2026, 11:14:41 PM
2026-06-18
$850.00
6/18/2026, 11:11:52 PM
2026-07-17NextUpdated
$790.00
7/3/2026, 11:11:04 PM
2026-08-21
$850.00
7/3/2026, 11:11:04 PM
2026-10-16
$790.00
7/3/2026, 11:11:04 PM
2026-12-18
$580.00
7/3/2026, 11:11:04 PM
2027-01-15
$860.00
7/3/2026, 11:11:04 PM
Selected expiration: 2026-07-17 at max pain $790.00.
EME pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
330
0
32666000
32666000
340
0
31878000
31878000
360
10000
30302000
30312000
390
28000
27938000
27966000
410
40000
26362000
26402000
420
46000
25574000
25620000
430
52000
24787000
24839000
440
58000
24002000
24060000
450
65000
23217000
23282000
470
79000
21651000
21730000
480
88000
20868000
20956000
490
119000
20085000
20204000
500
152000
19302000
19454000
510
186000
18519000
18705000
520
221000
17741000
17962000
530
258000
16965000
17223000
540
298000
16194000
16492000
550
343000
15426000
15769000
560
391000
14659000
15050000
570
441000
13892000
14333000
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.