This page reflects ETN 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 — ETN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $397.50 (1.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$397.50
Nearest expiry
Expected Move
±$8.85
±2.2%
Days to Expiry
8
Calendar days
Total Call OI
779
Nearest expiry
Total Put OI
964
Nearest expiry
P/C OI Ratio
1.24
Put-heavy
Spot Price
$398.52
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
$400.00
6/26/2026, 11:13:21 PM
2026-07-02
$410.00
7/2/2026, 11:12:54 PM
2026-07-10NextUpdated
$397.50
7/3/2026, 11:13:20 PM
2026-07-17
$400.00
7/3/2026, 11:13:20 PM
2026-07-24
$410.00
7/3/2026, 11:13:20 PM
2026-07-31
$405.00
7/3/2026, 11:13:20 PM
2026-08-07
$390.00
7/3/2026, 11:13:20 PM
2026-08-21
$420.00
7/3/2026, 11:13:20 PM
2026-09-18
$370.00
7/3/2026, 11:13:20 PM
2026-10-16
$390.00
7/3/2026, 11:13:20 PM
2026-12-18
$240.00
7/3/2026, 11:13:20 PM
2027-01-15
$420.00
7/3/2026, 11:13:20 PM
2027-03-19
$390.00
7/3/2026, 11:13:20 PM
2027-06-17
$380.00
7/3/2026, 11:13:20 PM
Selected expiration: 2026-07-10 at max pain $397.50.
ETN pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
15747500
15747500
230
1000
14783500
14784500
250
5000
12855500
12860500
280
149000
9963500
10112500
285
174000
9481500
9655500
290
199500
8999500
9199000
295
225500
8517500
8743000
300
252500
8035500
8288000
305
285000
7559000
7844000
310
317500
7092500
7410000
315
350000
6636000
6986000
320
383000
6184500
6567500
325
416000
5740500
6156500
330
449000
5301500
5750500
335
482500
4862500
5345000
340
516000
4424000
4940000
345
550000
3998000
4548000
350
584000
3574000
4158000
355
618500
3158000
3776500
360
653000
2753500
3406500
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.