This page reflects INTA 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 — INTA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $25.00 (2.39 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
±$4.00
±14.6%
Days to Expiry
15
Calendar days
Total Call OI
1,289
Nearest expiry
Total Put OI
695
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$27.39
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
$22.50
5/15/2026, 11:19:27 PM
2026-06-18
$20.00
6/18/2026, 11:18:41 PM
2026-07-17NextUpdated
$25.00
7/3/2026, 11:16:26 PM
2026-10-16
$25.00
7/3/2026, 11:16:26 PM
2027-01-15
$30.00
7/3/2026, 11:16:26 PM
Selected expiration: 2026-07-17 at max pain $25.00.
INTA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1110000
1110000
7.5
250
936500
936750
10
1000
773250
774250
12.5
1750
610750
612500
15
3000
449750
452750
17.5
4250
290500
294750
20
6250
166750
173000
22.5
16250
74750
91000
25
40250
35500
75750
30
165250
10000
175250
35
629750
4000
633750
40
1169250
500
1169750
45
1780250
0
1780250
50
2391250
0
2391250
55
3022750
0
3022750
60
3654250
0
3654250
70
4940250
0
4940250
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.