This page reflects JBTM 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 — JBTM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $130.00 (15.83 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
±$5.35
±3.7%
Days to Expiry
15
Calendar days
Total Call OI
66
Nearest expiry
Total Put OI
816
Nearest expiry
P/C OI Ratio
12.36
Put-heavy
Spot Price
$145.83
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
$125.00
5/15/2026, 11:16:58 PM
2026-06-18
$130.00
6/18/2026, 11:17:37 PM
2026-07-17NextUpdated
$130.00
7/3/2026, 11:17:18 PM
2026-09-18
$130.00
7/3/2026, 11:17:18 PM
2026-10-16
$135.00
7/3/2026, 11:17:18 PM
2026-12-18
$140.00
7/3/2026, 11:17:18 PM
2027-01-15
$155.00
7/3/2026, 11:17:18 PM
Selected expiration: 2026-07-17 at max pain $130.00.
JBTM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
4830500
4830500
75
500
4422500
4423000
80
1000
4016000
4017000
85
1500
3610000
3611500
90
2000
3204000
3206000
95
3000
2798000
2801000
100
5000
2393500
2398500
105
7000
1989500
1996500
110
9000
1587500
1596500
115
11000
1185500
1196500
120
13000
790000
803000
130
18000
0
18000
135
22000
0
22000
140
27000
0
27000
145
40500
0
40500
150
55000
0
55000
160
110000
0
110000
165
138500
0
138500
170
168000
0
168000
175
198500
0
198500
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.