This page reflects GWW 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 — GWW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $1120.00 (222.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1120.00
Nearest expiry
Expected Move
±$53.85
±4.0%
Days to Expiry
15
Calendar days
Total Call OI
3,044
Nearest expiry
Total Put OI
1,591
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$1342.98
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
$1160.00
5/15/2026, 11:15:20 PM
2026-06-18
$1250.00
6/18/2026, 11:20:11 PM
2026-07-17NextUpdated
$1120.00
7/3/2026, 11:14:03 PM
2026-08-21
$1340.00
7/3/2026, 11:14:03 PM
2026-10-16
$1220.00
7/3/2026, 11:14:03 PM
2026-12-18
$1100.00
7/3/2026, 11:14:03 PM
2027-01-15
$1260.00
7/3/2026, 11:14:03 PM
2027-03-19
$1260.00
7/3/2026, 11:14:03 PM
2027-05-21
$1080.00
7/3/2026, 11:14:03 PM
2027-06-17
$1020.00
7/3/2026, 11:14:03 PM
Selected expiration: 2026-07-17 at max pain $1120.00.
GWW pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
680
0
74434000
74434000
700
4000
71252000
71256000
720
8000
68070000
68078000
740
18000
64888000
64906000
760
28000
61720000
61748000
780
38000
58552000
58590000
790
43000
56977000
57020000
800
48000
55412000
55460000
810
53000
53855000
53908000
820
58000
52303000
52361000
830
63000
50784000
50847000
850
73000
47748000
47821000
860
78000
46230000
46308000
880
88000
43196000
43284000
890
93000
41680000
41773000
900
98000
40165000
40263000
910
103000
38658000
38761000
920
109000
37151000
37260000
930
115000
35645000
35760000
940
123000
34142000
34265000
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.