This page reflects IESC 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 — IESC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $620.00 (34.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$620.00
Nearest expiry
Expected Move
±$73.10
±11.2%
Days to Expiry
15
Calendar days
Total Call OI
1,030
Nearest expiry
Total Put OI
1,287
Nearest expiry
P/C OI Ratio
1.25
Put-heavy
Spot Price
$654.00
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
$550.00
5/15/2026, 11:19:15 PM
2026-06-18
$610.00
6/18/2026, 11:18:02 PM
2026-07-17NextUpdated
$620.00
7/3/2026, 11:15:21 PM
2026-08-21
$670.00
7/3/2026, 11:15:21 PM
2026-09-18
$560.00
7/3/2026, 11:15:21 PM
2026-10-16
$600.00
7/3/2026, 11:15:21 PM
2026-12-18
$440.00
7/3/2026, 11:15:21 PM
2027-01-15
$440.00
7/3/2026, 11:15:21 PM
Selected expiration: 2026-07-17 at max pain $620.00.
IESC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
51364000
51364000
195
500
50720500
50721000
200
1000
50078000
50079000
210
3000
48793000
48796000
220
5000
47513000
47518000
230
7000
46235000
46242000
240
10000
44959000
44969000
250
14000
43685000
43699000
260
23000
42415000
42438000
270
32000
41145000
41177000
280
41000
39881000
39922000
290
50000
38620000
38670000
300
59000
37391000
37450000
310
68000
36162000
36230000
320
85000
34933000
35018000
330
150000
33704000
33854000
340
264000
32475000
32739000
350
382000
31246000
31628000
360
505000
30025000
30530000
370
628000
28807000
29435000
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.