This page reflects IOT 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 — IOT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $32.00 (3.93 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$2.27
±6.3%
Days to Expiry
8
Calendar days
Total Call OI
1,417
Nearest expiry
Total Put OI
457
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$35.93
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$31.00
6/26/2026, 11:16:39 PM
2026-07-02
$31.00
7/2/2026, 11:17:28 PM
2026-07-10NextUpdated
$32.00
7/3/2026, 11:16:23 PM
2026-07-17
$30.00
7/3/2026, 11:16:23 PM
2026-07-24
$32.00
7/3/2026, 11:16:23 PM
2026-07-31
$31.00
7/3/2026, 11:16:23 PM
2026-08-07
$25.00
7/3/2026, 11:16:23 PM
2026-08-21
$32.00
7/3/2026, 11:16:23 PM
2026-09-18
$35.00
7/3/2026, 11:16:23 PM
2026-10-16
$30.00
7/3/2026, 11:16:23 PM
2026-12-18
$30.00
7/3/2026, 11:16:23 PM
2027-01-15
$31.00
7/3/2026, 11:16:23 PM
Selected expiration: 2026-07-10 at max pain $32.00.
IOT pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
517050
517050
24
400
335050
335450
25
500
289650
290150
26
600
244550
245150
26.5
700
225050
225750
27
800
205600
206400
27.5
900
186650
187550
28
1000
167850
168850
29
1800
132050
133850
30
4300
96850
101150
30.5
5650
80700
86350
31
7000
65500
72500
31.5
10750
52100
62850
32
17300
38950
56250
32.5
30550
30800
61350
33
45650
22650
68300
34
78850
10850
89700
34.5
99800
5800
105600
35
120750
3500
124250
36
170450
2200
172650
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.