This page reflects ITRI 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 — ITRI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (0.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$5.97
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
1,032
Nearest expiry
Total Put OI
453
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$85.11
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
$85.00
5/15/2026, 11:18:58 PM
2026-06-18
$90.00
6/18/2026, 11:18:08 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:18:31 PM
2026-08-21
$95.00
7/3/2026, 11:18:31 PM
2026-11-20
$90.00
7/3/2026, 11:18:31 PM
2026-12-18
$95.00
7/3/2026, 11:18:31 PM
Selected expiration: 2026-07-17 at max pain $85.00.
ITRI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
949000
949000
65
1000
723500
724500
70
2000
498500
500500
75
5000
282500
287500
80
9000
140500
149500
85
47500
36500
84000
90
102000
20500
122500
95
215000
10500
225500
100
347000
4000
351000
105
559500
0
559500
110
856500
0
856500
115
1307500
0
1307500
120
1759500
0
1759500
125
2221000
0
2221000
130
2682500
0
2682500
135
3147500
0
3147500
140
3612500
0
3612500
145
4077500
0
4077500
155
5108500
0
5108500
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.