This page reflects FCFS 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 — FCFS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (1.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$13.95
±6.3%
Days to Expiry
15
Calendar days
Total Call OI
114
Nearest expiry
Total Put OI
146
Nearest expiry
P/C OI Ratio
1.28
Put-heavy
Spot Price
$221.97
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
$210.00
5/15/2026, 11:15:13 PM
2026-06-18
$200.00
6/18/2026, 11:13:23 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:10:52 PM
2026-08-21
$220.00
7/3/2026, 11:10:52 PM
2026-09-18
$175.00
7/3/2026, 11:10:52 PM
2026-12-18
$190.00
7/3/2026, 11:10:52 PM
Selected expiration: 2026-07-17 at max pain $220.00.
FCFS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
326500
326500
195
500
254000
254500
200
1500
184000
185500
210
4500
56000
60500
220
7500
3000
10500
230
18500
1000
19500
240
41500
0
41500
250
114500
0
114500
260
215500
0
215500
270
324500
0
324500
280
435500
0
435500
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.