This page reflects IMO 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 — IMO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $120.00 (6.23 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$5.75
±5.0%
Days to Expiry
15
Calendar days
Total Call OI
1,485
Nearest expiry
Total Put OI
127
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$113.77
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
$115.00
5/15/2026, 11:19:32 PM
2026-06-18
$120.00
6/18/2026, 11:21:46 PM
2026-07-17NextUpdated
$120.00
7/3/2026, 11:16:05 PM
2026-08-21
$110.00
7/3/2026, 11:16:05 PM
2026-11-20
$115.00
7/3/2026, 11:16:05 PM
2027-02-19
$110.00
7/3/2026, 11:16:05 PM
Selected expiration: 2026-07-17 at max pain $120.00.
IMO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
334500
334500
100
0
274000
274000
105
0
214500
214500
110
1500
159000
160500
115
5500
114500
120000
120
11500
74000
85500
125
191500
36500
228000
130
408500
29000
437500
135
680000
21500
701500
140
1411000
14000
1425000
145
2146500
6500
2153000
150
2884500
2000
2886500
155
3625500
0
3625500
160
4367000
0
4367000
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.