This page reflects FIX 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 — FIX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $1840.00 (98.70 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1840.00
Nearest expiry
Expected Move
±$196.50
±11.3%
Days to Expiry
15
Calendar days
Total Call OI
2,946
Nearest expiry
Total Put OI
4,260
Nearest expiry
P/C OI Ratio
1.45
Put-heavy
Spot Price
$1741.30
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
$1920.00
5/15/2026, 11:16:42 PM
2026-06-18
$1880.00
6/18/2026, 11:13:52 PM
2026-07-17NextUpdated
$1840.00
7/3/2026, 11:10:31 PM
2026-08-21
$1900.00
7/3/2026, 11:10:31 PM
2026-10-16
$1800.00
7/3/2026, 11:10:31 PM
2026-12-18
$1520.00
7/3/2026, 11:10:31 PM
2027-01-15
$1880.00
7/3/2026, 11:10:31 PM
Selected expiration: 2026-07-17 at max pain $1840.00.
FIX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
440
0
467662000
467662000
450
0
463411000
463411000
460
0
459164000
459164000
470
0
454921000
454921000
480
0
450680000
450680000
490
0
446445000
446445000
500
0
442221000
442221000
520
6000
433813000
433819000
540
12000
425427000
425439000
560
22000
417045000
417067000
580
32000
408709000
408741000
600
46000
400383000
400429000
620
60000
392071000
392131000
640
74000
383769000
383843000
660
88000
375483000
375571000
680
102000
367197000
367299000
700
116000
358919000
359035000
720
132000
350657000
350789000
740
148000
342407000
342555000
760
164000
334165000
334329000
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.