This page reflects LAES 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 — LAES
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $3.00 (0.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3.00
Nearest expiry
Expected Move
±$0.36
±11.9%
Days to Expiry
8
Calendar days
Total Call OI
27,420
Nearest expiry
Total Put OI
978
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$3.03
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$3.00
6/26/2026, 11:20:52 PM
2026-07-02
$3.00
7/2/2026, 11:18:52 PM
2026-07-10NextUpdated
$3.00
7/3/2026, 11:18:03 PM
2026-07-17
$3.00
7/3/2026, 11:18:03 PM
2026-07-24
$3.00
7/3/2026, 11:18:03 PM
2026-07-31
$3.00
7/3/2026, 11:18:03 PM
2026-08-07
$0.50
7/3/2026, 11:18:03 PM
2026-08-21
$2.50
7/3/2026, 11:18:03 PM
2026-09-18
$3.00
7/3/2026, 11:18:03 PM
2026-10-16
$2.50
7/3/2026, 11:18:03 PM
2026-11-20
$3.50
7/3/2026, 11:18:03 PM
2026-12-18
$3.00
7/3/2026, 11:18:03 PM
2027-01-15
$3.00
7/3/2026, 11:18:03 PM
Selected expiration: 2026-07-10 at max pain $3.00.
LAES pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
255600
255600
1
0
208100
208100
1.5
100
160600
160700
2
550
113150
113700
2.5
1000
65700
66700
3
3750
26500
30250
3.5
726750
19850
746600
4
1744350
15200
1759550
4.5
3109350
11300
3120650
5
4479150
7550
4486700
5.5
5848950
3850
5852800
6
7219750
150
7219900
6.5
8590550
50
8590600
7
9961350
0
9961350
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.