This page reflects EXC 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 — EXC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $45.00 (2.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$1.65
±3.5%
Days to Expiry
15
Calendar days
Total Call OI
12,214
Nearest expiry
Total Put OI
9,445
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$47.88
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
$47.00
5/15/2026, 11:13:17 PM
2026-06-18
$45.00
6/18/2026, 11:16:08 PM
2026-07-17NextUpdated
$45.00
7/3/2026, 11:13:29 PM
2026-08-21
$48.00
7/3/2026, 11:13:29 PM
2026-09-18
$45.00
7/3/2026, 11:13:29 PM
2026-10-16
$45.00
7/3/2026, 11:13:29 PM
2026-12-18
$45.00
7/3/2026, 11:13:29 PM
2027-01-15
$42.00
7/3/2026, 11:13:29 PM
2027-03-19
$43.00
7/3/2026, 11:13:29 PM
2027-06-17
$40.00
7/3/2026, 11:13:29 PM
Selected expiration: 2026-07-17 at max pain $45.00.
EXC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
12864600
12864600
35
0
8143100
8143100
39
0
4365900
4365900
40
0
3423100
3423100
41
200
2487100
2487300
42
1800
1568800
1570600
43
3800
687200
691000
44
13200
296400
309600
45
31600
49600
81200
46
68300
15300
83600
47
285000
6200
291200
48
615200
2900
618100
49
987800
1400
989200
50
2072200
0
2072200
55
7678700
0
7678700
60
13337200
0
13337200
65
18997200
0
18997200
70
24657200
0
24657200
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.