This page reflects IE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 6, 2026 close
Max Pain — IE
Data as of market close Jul 6, 2026
Nearest listed expiration 2026-07-17 shows max pain at $10.00 (0.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$1.15
±12.1%
Days to Expiry
11
Calendar days
Total Call OI
3,561
Nearest expiry
Total Put OI
10,559
Nearest expiry
P/C OI Ratio
2.97
Put-heavy
Spot Price
$9.51
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
$12.50
5/15/2026, 11:17:05 PM
2026-06-18
$12.50
6/18/2026, 11:18:44 PM
2026-07-17NextUpdated
$10.00
7/6/2026, 11:16:07 PM
2026-08-21
$10.00
7/6/2026, 11:16:07 PM
2026-10-16
$12.50
7/6/2026, 11:16:07 PM
2027-01-15
$12.50
7/6/2026, 11:16:07 PM
Selected expiration: 2026-07-17 at max pain $10.00.
IE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
7966500
7966500
5
1500
5327000
5328500
7.5
6750
2687500
2694250
10
15250
131750
147000
12.5
186000
13250
199250
15
482250
500
482750
17.5
1004000
250
1004250
20
1637750
0
1637750
22.5
2403500
0
2403500
25
3180500
0
3180500
30
4824000
0
4824000
35
6490000
0
6490000
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.