This page reflects IP 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 — IP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $38.00 (0.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$38.00
Nearest expiry
Expected Move
±$1.65
±4.3%
Days to Expiry
8
Calendar days
Total Call OI
1,524
Nearest expiry
Total Put OI
844
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$38.79
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
$35.00
6/26/2026, 11:18:01 PM
2026-07-02
$37.00
7/2/2026, 11:16:30 PM
2026-07-10NextUpdated
$38.00
7/3/2026, 11:15:30 PM
2026-07-17
$37.50
7/3/2026, 11:15:30 PM
2026-07-24
$37.00
7/3/2026, 11:15:30 PM
2026-07-31
$35.00
7/3/2026, 11:15:30 PM
2026-08-07
$38.00
7/3/2026, 11:15:30 PM
2026-08-21
$35.00
7/3/2026, 11:15:30 PM
2026-09-18
$35.00
7/3/2026, 11:15:30 PM
2026-10-16
$35.00
7/3/2026, 11:15:30 PM
2026-12-18
$35.00
7/3/2026, 11:15:30 PM
2027-01-15
$37.50
7/3/2026, 11:15:30 PM
2027-03-19
$32.50
7/3/2026, 11:15:30 PM
2027-06-17
$25.00
7/3/2026, 11:15:30 PM
Selected expiration: 2026-07-10 at max pain $38.00.
IP pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
23
0
777400
777400
24
100
693100
693200
25
200
608800
609000
26
300
524500
524800
27
900
440400
441300
28
1500
356500
358000
29
2100
273200
275300
30
2700
236900
239600
31
3300
202400
205700
32
3900
168900
172800
33
4500
141500
146000
34
5100
115300
120400
35
6200
90900
97100
36
7600
67000
74600
37
9300
44100
53400
38
26500
26700
53200
39
52600
12200
64800
40
95000
200
95200
41
244300
0
244300
42
394000
0
394000
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.