This page reflects EMR 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 — EMR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $124.00 (15.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$124.00
Nearest expiry
Expected Move
±$5.17
±3.7%
Days to Expiry
8
Calendar days
Total Call OI
1,899
Nearest expiry
Total Put OI
330
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$139.05
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$130.00
6/26/2026, 11:12:36 PM
2026-07-02
$129.00
7/2/2026, 11:12:21 PM
2026-07-10NextUpdated
$124.00
7/3/2026, 11:09:31 PM
2026-07-17
$135.00
7/3/2026, 11:09:31 PM
2026-07-24
$140.00
7/3/2026, 11:09:31 PM
2026-07-31
$148.00
7/3/2026, 11:09:31 PM
2026-08-21
$150.00
7/3/2026, 11:09:31 PM
2026-09-18
$140.00
7/3/2026, 11:09:31 PM
2026-12-18
$145.00
7/3/2026, 11:09:31 PM
2027-01-15
$135.00
7/3/2026, 11:09:31 PM
2027-03-19
$140.00
7/3/2026, 11:09:31 PM
2027-06-17
$125.00
7/3/2026, 11:09:31 PM
Selected expiration: 2026-07-10 at max pain $124.00.
EMR pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
1949400
1949400
90
20500
1784400
1804900
95
58500
1619400
1677900
100
100000
1454400
1554400
105
145000
1289900
1434900
117
260200
895100
1155300
118
269900
862200
1132100
120
289500
796400
1085900
121
299300
763500
1062800
122
315000
730600
1045600
123
336500
697700
1034200
124
365700
664800
1030500
125
401700
631900
1033600
126
438500
599400
1037900
127
486100
566900
1053000
128
546700
534400
1081100
129
612500
501900
1114400
130
680900
469400
1150300
131
749400
436900
1186300
132
831400
404500
1235900
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.