This page reflects IRDM 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 — IRDM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (18.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.35
±6.2%
Days to Expiry
15
Calendar days
Total Call OI
14,074
Nearest expiry
Total Put OI
4,225
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$53.75
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
$35.00
5/15/2026, 11:18:47 PM
2026-06-18
$45.00
6/18/2026, 11:21:18 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:16:48 PM
2026-08-21
$50.00
7/3/2026, 11:16:48 PM
2026-10-16
$35.00
7/3/2026, 11:16:48 PM
2027-01-15
$45.00
7/3/2026, 11:16:48 PM
Selected expiration: 2026-07-17 at max pain $35.00.
IRDM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
13871500
13871500
5
500
12815250
12815750
7.5
1000
11760250
11761250
10
1750
10706250
10708000
12.5
2750
9655250
9658000
15
8750
8632000
8640750
17.5
15750
7649500
7665250
20
30250
6708250
6738500
22.5
51000
5850250
5901250
25
123750
5023500
5147250
30
419250
3444000
3863250
35
1056750
1974500
3031250
40
2412250
1095000
3507250
45
4732250
418500
5150750
50
7519750
80000
7599750
55
11472250
12000
11484250
60
17076750
4500
17081250
65
23536750
0
23536750
70
30279250
0
30279250
75
37208250
0
37208250
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.