This page reflects LIF 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 — LIF
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $45.00 (12.71 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$6.50
±11.3%
Days to Expiry
15
Calendar days
Total Call OI
584
Nearest expiry
Total Put OI
483
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$57.71
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
$50.00
5/15/2026, 11:20:49 PM
2026-06-18
$45.00
6/18/2026, 11:23:39 PM
2026-07-17NextUpdated
$45.00
7/3/2026, 11:17:12 PM
2026-08-21
$45.00
7/3/2026, 11:17:12 PM
2026-10-16
$40.00
7/3/2026, 11:17:12 PM
2026-12-18
$45.00
7/3/2026, 11:17:12 PM
2027-01-15
$35.00
7/3/2026, 11:17:12 PM
Selected expiration: 2026-07-17 at max pain $45.00.
LIF pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
659250
659250
25
0
539000
539000
30
0
299000
299000
35
0
170500
170500
40
1000
71500
72500
45
16000
11500
27500
50
42500
6000
48500
55
140500
3000
143500
60
327500
1000
328500
65
553000
0
553000
70
788500
0
788500
75
1039000
0
1039000
80
1300000
0
1300000
85
1564500
0
1564500
90
1832500
0
1832500
95
2103000
0
2103000
100
2376500
0
2376500
105
2651500
0
2651500
110
2932000
0
2932000
115
3220000
0
3220000
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.