thetaOwl

MAIN

Main Street Capital CorporationClose $51.96EOD only
Max Pain
$54.70
Next expiry Jul 17, 2026
Expected Move
±$3.00
5.8% from close
Price Gap
+2.74
Distance to max pain
IV Rank
13
Low premium
P/C OI
1.29
Slightly put-heavy
Consensus
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects MAIN 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 — MAIN
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-17 shows max pain at $54.70 (2.74 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$54.70
Nearest expiry
Expected Move
±$3.00
±5.8%
Days to Expiry
15
Calendar days
Total Call OI
3,080
Nearest expiry
Total Put OI
3,140
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$51.96
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-17
ExpirationMax Pain StrikeLast Updated
2026-05-15$54.705/15/2026, 11:26:40 PM
2026-06-18$54.406/18/2026, 11:19:42 PM
2026-07-17NextUpdated$54.707/3/2026, 11:16:57 PM
2026-08-21$54.707/3/2026, 11:16:57 PM
2026-09-18$59.407/3/2026, 11:16:57 PM
2026-12-18$54.707/3/2026, 11:16:57 PM
Selected expiration: 2026-07-17 at max pain $54.70.
MAIN pain by strike for 2026-07-17 expiration
StrikeCall PainPut PainTotal Pain
29.7059857405985740
303058916305891660
34.750044186504419150
3553043247204325250
39.7100028545602855560
40103027639602764990
44.7150013990801400580
45195013247101326660
49.79940340060350000
5019030307210326240
54.727988044480324360
5533673034160370890
59.7169691054901702400
60178448044401788920
64.731686302103168840
65325899003258990
69.7470565004705650
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.