This page reflects MAC 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 — MAC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $23.00 (2.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.00
Nearest expiry
Expected Move
±$1.48
±5.8%
Days to Expiry
15
Calendar days
Total Call OI
330
Nearest expiry
Total Put OI
378
Nearest expiry
P/C OI Ratio
1.15
Put-heavy
Spot Price
$25.46
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
$19.00
5/15/2026, 11:21:55 PM
2026-06-18
$20.00
6/18/2026, 11:20:53 PM
2026-07-17NextUpdated
$23.00
7/3/2026, 11:17:59 PM
2026-08-21
$24.00
7/3/2026, 11:17:59 PM
2026-09-18
$19.00
7/3/2026, 11:17:59 PM
2026-12-18
$20.00
7/3/2026, 11:17:59 PM
Selected expiration: 2026-07-17 at max pain $23.00.
MAC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
325000
325000
15
0
287400
287400
16
100
249800
249900
17
400
212500
212900
18
700
175300
176000
19
1000
138300
139300
20
1300
101600
102900
21
1700
64900
66600
22
2100
33200
35300
23
2800
2000
4800
24
13100
800
13900
25
26700
300
27000
26
46400
0
46400
27
71800
0
71800
28
98500
0
98500
29
126200
0
126200
30
154300
0
154300
32
220100
0
220100
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.