This page reflects ESAB 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 — ESAB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $100.00 (7.22 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$8.75
±9.4%
Days to Expiry
15
Calendar days
Total Call OI
95
Nearest expiry
Total Put OI
1,344
Nearest expiry
P/C OI Ratio
14.15
Put-heavy
Spot Price
$92.78
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
$95.00
5/15/2026, 11:12:05 PM
2026-06-18
$90.00
6/18/2026, 11:11:41 PM
2026-07-17NextUpdated
$100.00
7/3/2026, 11:11:54 PM
2026-08-21
$95.00
7/3/2026, 11:11:54 PM
2026-10-16
$100.00
7/3/2026, 11:11:54 PM
2026-12-18
$120.00
7/3/2026, 11:11:54 PM
2027-01-15
$100.00
7/3/2026, 11:11:54 PM
Selected expiration: 2026-07-17 at max pain $100.00.
ESAB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
2010500
2010500
85
0
1339500
1339500
90
0
866500
866500
95
0
407500
407500
100
10000
4500
14500
105
25500
1500
27000
110
41000
500
41500
115
79000
0
79000
120
119000
0
119000
125
162500
0
162500
130
209000
0
209000
140
303000
0
303000
165
540500
0
540500
170
588000
0
588000
175
635500
0
635500
180
683000
0
683000
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.