This page reflects FICO 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 — FICO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $1140.00 (130.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1140.00
Nearest expiry
Expected Move
±$99.90
±7.9%
Days to Expiry
15
Calendar days
Total Call OI
2,057
Nearest expiry
Total Put OI
1,956
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$1270.83
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
$1040.00
5/15/2026, 11:16:21 PM
2026-06-18
$1160.00
6/18/2026, 11:14:19 PM
2026-07-17NextUpdated
$1140.00
7/3/2026, 11:11:08 PM
2026-08-21
$1100.00
7/3/2026, 11:11:08 PM
2026-10-16
$1180.00
7/3/2026, 11:11:08 PM
2026-11-20
$1120.00
7/3/2026, 11:11:08 PM
2026-12-18
$1260.00
7/3/2026, 11:11:08 PM
2027-01-15
$1200.00
7/3/2026, 11:11:08 PM
2027-03-19
$1040.00
7/3/2026, 11:11:08 PM
2027-06-17
$860.00
7/3/2026, 11:11:08 PM
Selected expiration: 2026-07-17 at max pain $1140.00.
FICO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
460
0
100532000
100532000
470
1000
98618000
98619000
480
2000
96742000
96744000
490
4000
94879000
94883000
500
8000
93019000
93027000
510
12000
91176000
91188000
520
16000
89339000
89355000
530
20000
87509000
87529000
540
24000
85683000
85707000
550
28000
83860000
83888000
560
32000
82045000
82077000
570
36000
80233000
80269000
580
41000
78424000
78465000
600
51000
74808000
74859000
640
71000
67620000
67691000
660
81000
64032000
64113000
680
97000
60450000
60547000
700
115000
56874000
56989000
720
133000
53376000
53509000
740
153000
49906000
50059000
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.