This page reflects ETR 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 — ETR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $110.00 (5.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$3.70
±3.2%
Days to Expiry
15
Calendar days
Total Call OI
1,437
Nearest expiry
Total Put OI
688
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$115.11
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
$115.00
5/15/2026, 11:13:55 PM
2026-06-18
$110.00
6/18/2026, 11:12:23 PM
2026-07-17NextUpdated
$110.00
7/3/2026, 11:11:42 PM
2026-08-21
$110.00
7/3/2026, 11:11:42 PM
2026-09-18
$110.00
7/3/2026, 11:11:42 PM
2026-11-20
$110.00
7/3/2026, 11:11:42 PM
2026-12-18
$90.00
7/3/2026, 11:11:42 PM
2027-01-15
$100.00
7/3/2026, 11:11:42 PM
Selected expiration: 2026-07-17 at max pain $110.00.
ETR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
1550500
1550500
90
0
1208500
1208500
95
0
884000
884000
100
1000
560000
561000
105
6500
257500
264000
110
12500
10000
22500
115
78000
500
78500
120
371500
0
371500
125
1060000
0
1060000
130
1753000
0
1753000
165
6768500
0
6768500
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.