This page reflects FIVE 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 — FIVE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $190.00 (7.57 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$10.45
±5.7%
Days to Expiry
15
Calendar days
Total Call OI
2,215
Nearest expiry
Total Put OI
1,208
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$182.43
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
$220.00
5/15/2026, 11:14:13 PM
2026-06-18
$200.00
6/18/2026, 11:13:43 PM
2026-07-17NextUpdated
$190.00
7/3/2026, 11:13:43 PM
2026-08-21
$200.00
7/3/2026, 11:13:43 PM
2026-09-18
$200.00
7/3/2026, 11:13:43 PM
2026-11-20
$200.00
7/3/2026, 11:13:43 PM
2027-01-15
$155.00
7/3/2026, 11:13:43 PM
Selected expiration: 2026-07-17 at max pain $190.00.
FIVE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
5782500
5782500
140
0
5179000
5179000
145
0
4576000
4576000
150
0
3973500
3973500
155
1000
3379500
3380500
160
5500
2799000
2804500
165
10500
2230000
2240500
170
19000
1667500
1686500
175
30500
1144500
1175000
180
51000
706500
757500
185
160000
421500
581500
190
323000
224500
547500
195
665000
137500
802500
200
1117000
81000
1198000
210
2148000
44000
2192000
220
3607000
18000
3625000
230
5242000
0
5242000
240
6994000
0
6994000
250
8939000
0
8939000
260
11039000
0
11039000
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.