This page reflects IT 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 — IT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $130.00 (6.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$10.65
±7.8%
Days to Expiry
15
Calendar days
Total Call OI
1,943
Nearest expiry
Total Put OI
3,603
Nearest expiry
P/C OI Ratio
1.85
Put-heavy
Spot Price
$136.32
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
$150.00
5/15/2026, 11:20:17 PM
2026-06-18
$140.00
6/18/2026, 11:18:59 PM
2026-07-17NextUpdated
$130.00
7/3/2026, 11:15:46 PM
2026-08-21
$130.00
7/3/2026, 11:15:46 PM
2026-09-18
$160.00
7/3/2026, 11:15:46 PM
2026-12-18
$180.00
7/3/2026, 11:15:46 PM
Selected expiration: 2026-07-17 at max pain $130.00.
IT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
7200500
7200500
105
1000
5400000
5401000
110
2000
3604500
3606500
115
3000
1811500
1814500
120
4000
478000
482000
125
10500
310500
321000
130
19500
208000
227500
135
432000
131500
563500
140
875500
84000
959500
145
1329500
56000
1385500
150
1801500
37000
1838500
155
2292000
25000
2317000
160
2809500
15500
2825000
165
3382500
10500
3393000
170
4029000
6500
4035500
175
4686000
3000
4689000
180
5357500
1000
5358500
185
6043500
500
6044000
190
6746000
0
6746000
195
7687000
0
7687000
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.