This page reflects EXP 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 — EXP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $200.00 (20.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$12.65
±5.8%
Days to Expiry
15
Calendar days
Total Call OI
353
Nearest expiry
Total Put OI
372
Nearest expiry
P/C OI Ratio
1.05
Put-heavy
Spot Price
$220.15
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
$195.00
5/15/2026, 11:13:54 PM
2026-06-18
$220.00
6/18/2026, 11:14:08 PM
2026-07-17NextUpdated
$200.00
7/3/2026, 11:14:15 PM
2026-08-21
$220.00
7/3/2026, 11:14:15 PM
2026-10-16
$200.00
7/3/2026, 11:14:15 PM
2026-11-20
$180.00
7/3/2026, 11:14:15 PM
2027-01-15
$185.00
7/3/2026, 11:14:15 PM
Selected expiration: 2026-07-17 at max pain $200.00.
EXP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
2141000
2141000
125
0
1957500
1957500
130
500
1774500
1775000
135
1000
1592000
1593000
140
2000
1411500
1413500
145
3000
1234000
1237000
150
4000
1057500
1061500
160
6000
704500
710500
165
7000
557000
564000
170
9000
412500
421500
175
11000
279500
290500
180
13000
177500
190500
185
15500
103000
118500
190
18000
69000
87000
195
21000
47500
68500
200
25000
31000
56000
210
96000
15000
111000
220
180000
6000
186000
230
307000
3000
310000
240
460000
0
460000
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.