This page reflects ESS 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 — ESS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $280.00 (18.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$3.23
±1.1%
Days to Expiry
15
Calendar days
Total Call OI
297
Nearest expiry
Total Put OI
301
Nearest expiry
P/C OI Ratio
1.01
Put-heavy
Spot Price
$298.33
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
$250.00
5/15/2026, 11:13:03 PM
2026-06-18
$270.00
6/18/2026, 11:13:50 PM
2026-07-17NextUpdated
$280.00
7/3/2026, 11:11:03 PM
2026-08-21
$280.00
7/3/2026, 11:11:03 PM
2026-10-16
$270.00
7/3/2026, 11:11:03 PM
2027-01-15
$230.00
7/3/2026, 11:11:03 PM
Selected expiration: 2026-07-17 at max pain $280.00.
ESS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
155
0
2067500
2067500
160
0
1917500
1917500
165
0
1768000
1768000
170
0
1618500
1618500
175
0
1469500
1469500
180
0
1320500
1320500
185
0
1171500
1171500
190
0
1032000
1032000
195
0
904000
904000
200
0
789000
789000
210
0
595000
595000
220
0
414000
414000
230
0
256000
256000
240
0
122000
122000
250
0
42000
42000
260
0
18000
18000
270
0
8000
8000
280
0
1000
1000
290
1000
0
1000
300
100000
0
100000
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.