This page reflects EWTX 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 — EWTX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (4.56 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
±$5.03
±12.7%
Days to Expiry
15
Calendar days
Total Call OI
324
Nearest expiry
Total Put OI
1,133
Nearest expiry
P/C OI Ratio
3.50
Put-heavy
Spot Price
$39.56
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
$25.00
5/15/2026, 11:14:07 PM
2026-06-18
$34.00
6/18/2026, 11:16:03 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:10:42 PM
2026-08-21
$25.00
7/3/2026, 11:10:42 PM
2026-11-20
$33.00
7/3/2026, 11:10:42 PM
2026-12-18
$43.00
7/3/2026, 11:10:42 PM
2027-01-15
$24.00
7/3/2026, 11:10:42 PM
2027-03-19
$42.00
7/3/2026, 11:10:42 PM
Selected expiration: 2026-07-17 at max pain $35.00.
EWTX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
923400
923400
28
900
583500
584400
29
1500
470300
471800
30
2100
357300
359400
31
2900
245100
248000
32
3700
134400
138100
33
6100
24100
30200
34
10700
13800
24500
35
15800
7200
23000
36
24200
5400
29600
37
33400
3700
37100
38
44300
2000
46300
39
56500
1000
57500
40
69600
0
69600
41
85200
0
85200
42
101000
0
101000
45
159500
0
159500
50
289500
0
289500
55
451000
0
451000
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.