This page reflects EMN 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 — EMN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (1.14 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$4.10
±6.0%
Days to Expiry
15
Calendar days
Total Call OI
9,152
Nearest expiry
Total Put OI
871
Nearest expiry
P/C OI Ratio
0.10
Put-heavy
Spot Price
$68.86
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
$70.00
5/15/2026, 11:14:35 PM
2026-06-18
$75.00
6/18/2026, 11:12:30 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:10:19 PM
2026-08-21
$70.00
7/3/2026, 11:10:19 PM
2026-09-18
$70.00
7/3/2026, 11:10:19 PM
2026-12-18
$70.00
7/3/2026, 11:10:19 PM
2027-01-15
$65.00
7/3/2026, 11:10:19 PM
Selected expiration: 2026-07-17 at max pain $70.00.
EMN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
2261000
2261000
50
4000
1391000
1395000
55
6000
958000
964000
60
8000
551000
559000
65
20000
200000
220000
70
41000
24000
65000
75
339000
0
339000
80
3229500
0
3229500
85
7727500
0
7727500
90
12284000
0
12284000
95
16854000
0
16854000
100
21427000
0
21427000
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.