This page reflects ING 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 — ING
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $29.00 (3.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$29.00
Nearest expiry
Expected Move
±$1.28
±4.0%
Days to Expiry
15
Calendar days
Total Call OI
2,347
Nearest expiry
Total Put OI
1,650
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$32.10
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
$28.00
5/15/2026, 11:20:34 PM
2026-06-18
$30.00
6/18/2026, 11:22:17 PM
2026-07-17NextUpdated
$29.00
7/3/2026, 11:18:00 PM
2026-08-21
$31.00
7/3/2026, 11:18:00 PM
2026-10-16
$28.00
7/3/2026, 11:18:00 PM
2027-01-15
$31.00
7/3/2026, 11:18:00 PM
Selected expiration: 2026-07-17 at max pain $29.00.
ING pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2005600
2005600
17
0
1675800
1675800
18
0
1531200
1531200
19
0
1386700
1386700
20
0
1244100
1244100
21
500
1101500
1102000
23
1500
822300
823800
24
2600
682900
685500
25
3700
549900
553600
26
5300
421800
427100
27
49800
307400
357200
28
113500
200800
314300
29
183300
109700
293000
30
268200
51400
319600
31
377600
21900
399500
32
510900
1300
512200
33
667300
0
667300
34
853600
0
853600
35
1082900
0
1082900
36
1313400
0
1313400
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.