This page reflects IRTC 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 — IRTC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $110.00 (16.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$5.20
±4.1%
Days to Expiry
15
Calendar days
Total Call OI
255
Nearest expiry
Total Put OI
232
Nearest expiry
P/C OI Ratio
0.91
Put-heavy
Spot Price
$126.48
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
$130.00
5/15/2026, 11:21:04 PM
2026-06-18
$115.00
6/18/2026, 11:19:13 PM
2026-07-17NextUpdated
$110.00
7/3/2026, 11:18:51 PM
2026-08-21
$110.00
7/3/2026, 11:18:51 PM
2026-11-20
$115.00
7/3/2026, 11:18:51 PM
2026-12-18
$170.00
7/3/2026, 11:18:51 PM
2027-01-15
$135.00
7/3/2026, 11:18:51 PM
2027-03-19
$80.00
7/3/2026, 11:18:51 PM
Selected expiration: 2026-07-17 at max pain $110.00.
IRTC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
655500
655500
85
1500
307500
309000
90
2000
227000
229000
95
2500
162500
165000
100
3000
106000
109000
105
3500
58500
62000
110
4500
17500
22000
115
21000
4000
25000
120
43000
3000
46000
125
151500
2000
153500
130
272500
1000
273500
135
396500
500
397000
140
521500
0
521500
150
773500
0
773500
155
900500
0
900500
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.