This page reflects MEDP 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 — MEDP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $460.00 (97.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$460.00
Nearest expiry
Expected Move
±$15.45
±2.8%
Days to Expiry
15
Calendar days
Total Call OI
114
Nearest expiry
Total Put OI
584
Nearest expiry
P/C OI Ratio
5.12
Put-heavy
Spot Price
$557.60
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
$400.00
5/15/2026, 11:26:41 PM
2026-06-18
$460.00
6/18/2026, 11:22:43 PM
2026-07-17NextUpdated
$460.00
7/3/2026, 11:21:14 PM
2026-08-21
$490.00
7/3/2026, 11:21:14 PM
2026-09-18
$420.00
7/3/2026, 11:21:14 PM
2026-12-18
$570.00
7/3/2026, 11:21:14 PM
2027-01-15
$300.00
7/3/2026, 11:21:14 PM
2027-03-19
$220.00
7/3/2026, 11:21:14 PM
Selected expiration: 2026-07-17 at max pain $460.00.
MEDP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
340
0
5189000
5189000
370
0
3443000
3443000
390
0
2285000
2285000
400
0
1712000
1712000
410
0
1196000
1196000
420
0
735000
735000
430
10000
522000
532000
440
23000
321000
344000
450
44000
127000
171000
460
75000
63000
138000
470
109000
45000
154000
480
148000
30000
178000
490
197000
19000
216000
500
252000
10000
262000
510
320000
2000
322000
520
392000
1000
393000
530
465000
0
465000
540
541000
0
541000
550
622000
0
622000
560
705000
0
705000
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.