This page reflects FROG 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 — FROG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (14.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$9.85
±10.4%
Days to Expiry
15
Calendar days
Total Call OI
31,631
Nearest expiry
Total Put OI
8,160
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$94.81
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
$50.00
5/15/2026, 11:15:01 PM
2026-06-18
$62.50
6/18/2026, 11:17:36 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:11:56 PM
2026-08-21
$80.00
7/3/2026, 11:11:56 PM
2026-09-18
$70.00
7/3/2026, 11:11:56 PM
2026-12-18
$82.50
7/3/2026, 11:11:56 PM
2027-01-15
$45.00
7/3/2026, 11:11:56 PM
Selected expiration: 2026-07-17 at max pain $80.00.
FROG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
23627500
23627500
42.5
0
21588500
21588500
45
250
19550000
19550250
50
1750
15473500
15475250
55
3250
11415500
11418750
57.5
5250
9389250
9394500
60
7500
7993250
8000750
62.5
11500
6603000
6614500
65
15500
5234500
5250000
67.5
22250
3885750
3908000
70
53750
2830250
2884000
72.5
128500
1858250
1986750
75
220500
1245250
1465750
77.5
362250
842250
1204500
80
533500
583500
1117000
82.5
6731000
376500
7107500
85
13055250
212750
13268000
87.5
19515250
104500
19619750
90
26016250
6750
26023000
92.5
33223250
4250
33227500
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.