This page reflects IBN 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 — IBN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $25.00 (4.49 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$1.30
±4.4%
Days to Expiry
15
Calendar days
Total Call OI
1,290
Nearest expiry
Total Put OI
155
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$29.49
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
$27.00
5/15/2026, 11:18:40 PM
2026-06-18
$27.00
6/18/2026, 11:15:58 PM
2026-07-17NextUpdated
$25.00
7/3/2026, 11:15:09 PM
2026-09-18
$29.00
7/3/2026, 11:15:09 PM
2026-12-18
$25.00
7/3/2026, 11:15:09 PM
2027-01-15
$30.00
7/3/2026, 11:15:09 PM
Selected expiration: 2026-07-17 at max pain $25.00.
IBN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
103300
103300
21
0
72700
72700
22
0
57700
57700
23
0
43900
43900
24
400
32000
32400
25
7800
20400
28200
26
17700
10700
28400
27
27600
1400
29000
28
38300
900
39200
29
58800
400
59200
30
101100
0
101100
33
484800
0
484800
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.