This page reflects MAS 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 — MAS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (12.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$16.95
±20.5%
Days to Expiry
15
Calendar days
Total Call OI
2,985
Nearest expiry
Total Put OI
1,306
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$82.77
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
$70.00
5/15/2026, 11:25:24 PM
2026-06-18
$65.00
6/18/2026, 11:17:41 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:17:50 PM
2026-08-21
$75.00
7/3/2026, 11:17:50 PM
2026-09-18
$70.00
7/3/2026, 11:17:50 PM
2026-10-16
$70.00
7/3/2026, 11:17:50 PM
2027-01-15
$35.00
7/3/2026, 11:17:50 PM
Selected expiration: 2026-07-17 at max pain $70.00.
MAS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
3248500
3248500
45
0
2595500
2595500
50
0
1945000
1945000
55
0
1372000
1372000
60
90500
864500
955000
65
203000
377500
580500
70
382000
182000
564000
75
816500
57000
873500
80
1426500
500
1427000
85
2590500
0
2590500
90
4029000
0
4029000
95
5521500
0
5521500
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.