This page reflects ERIC 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 — ERIC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $11.00 (0.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$1.00
±9.3%
Days to Expiry
15
Calendar days
Total Call OI
10,819
Nearest expiry
Total Put OI
11,105
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$10.79
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
$6.00
5/15/2026, 11:13:41 PM
2026-06-18
$12.00
6/18/2026, 11:13:25 PM
2026-07-17NextUpdated
$11.00
7/3/2026, 11:12:47 PM
2026-08-21
$11.00
7/3/2026, 11:12:47 PM
2026-10-16
$12.00
7/3/2026, 11:12:47 PM
2027-01-15
$12.00
7/3/2026, 11:12:47 PM
Selected expiration: 2026-07-17 at max pain $11.00.
ERIC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
9263200
9263200
4
0
7043400
7043400
5
0
5933600
5933600
6
300
4824000
4824300
7
600
3715400
3716000
8
9900
2607900
2617800
9
24700
1653400
1678100
10
67300
775800
843100
11
158000
240100
398100
12
471700
41800
513500
13
1064400
1000
1065400
14
1737900
500
1738400
15
2708500
400
2708900
16
3746400
300
3746700
17
4795300
200
4795500
18
5852300
100
5852400
19
6934200
0
6934200
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.