This page reflects HP 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 — HP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $30.00 (1.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$2.48
±7.9%
Days to Expiry
15
Calendar days
Total Call OI
1,757
Nearest expiry
Total Put OI
476
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$31.30
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, 11:17:55 PM
2026-06-18
$32.50
6/18/2026, 11:19:41 PM
2026-07-17NextUpdated
$30.00
7/3/2026, 11:14:36 PM
2026-08-21
$35.00
7/3/2026, 11:14:36 PM
2026-09-18
$32.50
7/3/2026, 11:14:36 PM
2026-12-18
$22.50
7/3/2026, 11:14:36 PM
2027-01-15
$27.50
7/3/2026, 11:14:36 PM
Selected expiration: 2026-07-17 at max pain $30.00.
HP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
981750
981750
15
0
864500
864500
17.5
0
748500
748500
20
0
633750
633750
22.5
0
529000
529000
25
10750
428750
439500
27.5
33000
328500
361500
30
107250
233250
340500
32.5
340000
146500
486500
35
589750
74000
663750
37.5
877750
10500
888250
40
1205500
5000
1210500
42.5
1586750
0
1586750
45
1988500
0
1988500
47.5
2413500
0
2413500
50
2848750
0
2848750
55
3722750
0
3722750
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.