This page reflects LI 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 — LI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $12.50 (0.48 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$0.73
±6.1%
Days to Expiry
8
Calendar days
Total Call OI
1,556
Nearest expiry
Total Put OI
1,942
Nearest expiry
P/C OI Ratio
1.25
Put-heavy
Spot Price
$12.02
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
$12.50
6/26/2026, 11:20:53 PM
2026-07-02
$12.00
7/2/2026, 11:19:33 PM
2026-07-10NextUpdated
$12.50
7/3/2026, 11:18:45 PM
2026-07-17
$14.00
7/3/2026, 11:18:45 PM
2026-07-24
$12.00
7/3/2026, 11:18:45 PM
2026-07-31
$12.50
7/3/2026, 11:18:45 PM
2026-08-07
$12.00
7/3/2026, 11:18:45 PM
2026-08-21
$13.00
7/3/2026, 11:18:45 PM
2026-09-18
$16.00
7/3/2026, 11:18:45 PM
2026-12-18
$14.00
7/3/2026, 11:18:45 PM
2027-01-15
$20.00
7/3/2026, 11:18:45 PM
Selected expiration: 2026-07-10 at max pain $12.50.
LI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
377300
377300
10.5
0
285550
285550
11
0
194300
194300
11.5
900
128350
129250
12
1900
65700
67600
12.5
9150
12050
21200
13
34100
5950
40050
13.5
79150
3000
82150
14
135400
1550
136950
14.5
194800
550
195350
15
258550
250
258800
15.5
328300
100
328400
16
399350
50
399400
16.5
472350
0
472350
17
546150
0
546150
17.5
623050
0
623050
18
700250
0
700250
19
855350
0
855350
19.5
932950
0
932950
20
1010600
0
1010600
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.