This page reflects FLS 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 — FLS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (2.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$5.28
±7.3%
Days to Expiry
15
Calendar days
Total Call OI
2,080
Nearest expiry
Total Put OI
820
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$72.34
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
$70.00
5/15/2026, 11:13:05 PM
2026-06-18
$65.00
6/18/2026, 11:14:16 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:13:21 PM
2026-08-21
$75.00
7/3/2026, 11:13:21 PM
2026-10-16
$75.00
7/3/2026, 11:13:21 PM
2027-01-15
$60.00
7/3/2026, 11:13:21 PM
Selected expiration: 2026-07-17 at max pain $70.00.
FLS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
2382000
2382000
40
17500
1975000
1992500
45
35000
1570000
1605000
50
52500
1177500
1230000
55
70000
830500
900500
60
88500
539500
628000
65
126500
308000
434500
70
170000
142000
312000
75
416500
19000
435500
80
921000
6500
927500
85
1540500
0
1540500
90
2403500
0
2403500
95
3320500
0
3320500
100
4301000
0
4301000
105
5296500
0
5296500
110
6334000
0
6334000
115
7374000
0
7374000
120
8414000
0
8414000
125
9454000
0
9454000
130
10494000
0
10494000
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.