This page reflects ETOR 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 — ETOR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (5.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.83
±9.4%
Days to Expiry
15
Calendar days
Total Call OI
16,319
Nearest expiry
Total Put OI
8,433
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$40.47
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
$35.00
5/15/2026, 11:15:03 PM
2026-06-18
$35.00
6/18/2026, 11:13:14 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:12:48 PM
2026-08-21
$40.00
7/3/2026, 11:12:48 PM
2026-09-18
$40.00
7/3/2026, 11:12:48 PM
2026-10-16
$35.00
7/3/2026, 11:12:48 PM
2026-11-20
$40.00
7/3/2026, 11:12:48 PM
2027-01-15
$35.00
7/3/2026, 11:12:48 PM
Selected expiration: 2026-07-17 at max pain $35.00.
ETOR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
12868250
12868250
17.5
0
10760250
10760250
20
0
8652250
8652250
22.5
2500
6885750
6888250
25
5000
5201500
5206500
30
31000
2015000
2046000
35
126500
406500
533000
40
2098000
113500
2211500
45
6403500
0
6403500
50
12969500
0
12969500
55
21030000
0
21030000
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.