This page reflects FPS 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 — FPS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $55.00 (8.14 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$5.80
±12.4%
Days to Expiry
15
Calendar days
Total Call OI
17,837
Nearest expiry
Total Put OI
12,966
Nearest expiry
P/C OI Ratio
0.73
Put-heavy
Spot Price
$46.86
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
$35.00
5/15/2026, 11:14:13 PM
2026-06-18
$45.00
6/18/2026, 11:14:32 PM
2026-07-17NextUpdated
$55.00
7/3/2026, 11:12:35 PM
2026-08-21
$50.00
7/3/2026, 11:12:35 PM
2026-11-20
$35.00
7/3/2026, 11:12:35 PM
2027-01-15
$50.00
7/3/2026, 11:12:35 PM
Selected expiration: 2026-07-17 at max pain $55.00.
FPS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
20583000
20583000
35
500
14103500
14104000
40
2000
8936500
8938500
45
9000
4148000
4157000
50
106500
1230000
1336500
55
835500
481000
1316500
60
2269500
45500
2315000
65
5890500
1000
5891500
70
12139500
0
12139500
75
19618000
0
19618000
80
28068500
0
28068500
85
36685000
0
36685000
90
45572500
0
45572500
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.