FactSet Research Systems Inc.Close $250.09EOD only
Max Pain
$240.00
Next expiry Jul 17, 2026
Expected Move
±$19.55
7.8% from close
Price Gap
-10.09
Distance to max pain
IV Rank
9
Low premium
P/C OI
1.19
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects FDS 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 — FDS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $240.00 (10.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$19.55
±7.8%
Days to Expiry
15
Calendar days
Total Call OI
2,060
Nearest expiry
Total Put OI
1,836
Nearest expiry
P/C OI Ratio
0.89
Put-heavy
Spot Price
$250.09
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, 11:16:15 PM
2026-06-18
$230.00
6/18/2026, 11:13:49 PM
2026-07-17NextUpdated
$240.00
7/3/2026, 11:13:07 PM
2026-08-21
$240.00
7/3/2026, 11:13:07 PM
2026-09-18
$220.00
7/3/2026, 11:13:07 PM
2026-12-18
$230.00
7/3/2026, 11:13:07 PM
Selected expiration: 2026-07-17 at max pain $240.00.
FDS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
12161500
12161500
155
1000
11251000
11252000
160
2000
10355000
10357000
165
3000
9474500
9477500
170
4000
8643000
8647000
175
5500
7824000
7829500
180
7000
7032000
7039000
185
9000
6257500
6266500
190
11000
5503000
5514000
195
13000
4798000
4811000
200
15000
4121000
4136000
210
24000
2981000
3005000
220
41000
1948000
1989000
230
538000
1072000
1610000
240
1126000
258000
1384000
250
1926000
154000
2080000
260
3196000
73000
3269000
270
4631000
19000
4650000
280
6170000
4000
6174000
290
7778000
0
7778000
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.