This page reflects FLEX 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 — FLEX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $150.00 (13.14 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$17.65
±12.9%
Days to Expiry
15
Calendar days
Total Call OI
14,786
Nearest expiry
Total Put OI
21,023
Nearest expiry
P/C OI Ratio
1.42
Put-heavy
Spot Price
$136.86
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
$90.00
5/15/2026, 11:13:12 PM
2026-06-18
$140.00
6/18/2026, 11:12:52 PM
2026-07-17NextUpdated
$150.00
7/3/2026, 11:12:29 PM
2026-08-21
$105.00
7/3/2026, 11:12:29 PM
2026-09-18
$145.00
7/3/2026, 11:12:29 PM
2026-10-16
$155.00
7/3/2026, 11:12:29 PM
2026-11-20
$100.00
7/3/2026, 11:12:29 PM
2027-01-15
$80.00
7/3/2026, 11:12:29 PM
2027-02-19
$125.00
7/3/2026, 11:12:29 PM
Selected expiration: 2026-07-17 at max pain $150.00.
FLEX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
203667500
203667500
35
500
193161000
193161500
40
1000
182659000
182660000
45
12000
172157000
172169000
50
23000
161657000
161680000
55
41000
151176000
151217000
60
66500
140710500
140777000
65
110000
130271000
130381000
70
212000
119847500
120059500
75
433500
109495000
109928500
80
715000
99176000
99891000
85
1033000
88868000
89901000
90
1506000
78565000
80071000
95
2101000
68988500
71089500
100
2710500
59471000
62181500
105
3531500
49985000
53516500
110
4401000
40526000
44927000
115
5899000
33104000
39003000
120
7409000
25937500
33346500
125
8971000
20632500
29603500
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.