This page reflects H 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 — H
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $185.00 (6.28 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$10.60
±5.5%
Days to Expiry
15
Calendar days
Total Call OI
707
Nearest expiry
Total Put OI
198
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$191.28
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
$155.00
5/15/2026, 11:17:33 PM
2026-06-18
$175.00
6/18/2026, 11:15:35 PM
2026-07-17NextUpdated
$185.00
7/3/2026, 11:14:06 PM
2026-08-21
$190.00
7/3/2026, 11:14:06 PM
2026-11-20
$160.00
7/3/2026, 11:14:06 PM
2026-12-18
$185.00
7/3/2026, 11:14:06 PM
Selected expiration: 2026-07-17 at max pain $185.00.
H pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
1227000
1227000
125
0
933000
933000
130
0
835500
835500
135
0
745000
745000
140
0
656000
656000
145
0
570500
570500
150
0
486000
486000
155
0
405000
405000
160
0
328000
328000
165
8000
255500
263500
170
21000
184500
205500
175
40000
121000
161000
180
62000
65500
127500
185
88500
26500
115000
190
122000
14500
136500
195
164000
5500
169500
200
321500
1000
322500
210
879500
0
879500
220
1559500
0
1559500
230
2265500
0
2265500
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.