This page reflects J 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 — J
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $120.00 (7.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$6.12
±4.8%
Days to Expiry
15
Calendar days
Total Call OI
5,176
Nearest expiry
Total Put OI
1,015
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$127.89
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
$120.00
5/15/2026, 11:22:44 PM
2026-06-18
$115.00
6/18/2026, 11:18:21 PM
2026-07-17NextUpdated
$120.00
7/3/2026, 11:16:11 PM
2026-08-21
$115.00
7/3/2026, 11:16:11 PM
2026-10-16
$110.00
7/3/2026, 11:16:11 PM
2026-12-18
$105.00
7/3/2026, 11:16:11 PM
2027-01-15
$80.00
7/3/2026, 11:16:11 PM
Selected expiration: 2026-07-17 at max pain $120.00.
J pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
3893500
3893500
80
0
3386500
3386500
85
0
2880000
2880000
90
0
2383500
2383500
95
0
1891000
1891000
100
0
1414500
1414500
105
8000
961500
969500
110
16000
526000
542000
115
39500
336000
375500
120
96000
169500
265500
125
201500
84500
286000
130
614000
42500
656500
135
1091500
10500
1102000
140
1647000
2000
1649000
145
2313000
1500
2314500
150
3891500
1000
3892500
155
6398500
500
6399000
160
8917500
0
8917500
165
11453500
0
11453500
170
14007000
0
14007000
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.