This page reflects MEI 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 — MEI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $10.00 (5.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$2.20
±14.4%
Days to Expiry
15
Calendar days
Total Call OI
4,042
Nearest expiry
Total Put OI
2,704
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$15.30
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
$10.00
5/15/2026, 11:23:02 PM
2026-06-18
$10.00
6/18/2026, 11:22:07 PM
2026-07-17NextUpdated
$10.00
7/3/2026, 11:18:48 PM
2026-08-21
$15.00
7/3/2026, 11:18:48 PM
2026-10-16
$5.00
7/3/2026, 11:18:48 PM
2027-01-15
$5.00
7/3/2026, 11:18:48 PM
Selected expiration: 2026-07-17 at max pain $10.00.
MEI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2072500
2072500
5
1000
1396500
1397500
7.5
10250
729250
739500
10
49250
222000
271250
12.5
353250
95250
448500
15
972750
25250
998000
17.5
1873250
7750
1881000
20
2842750
0
2842750
22.5
3839000
0
3839000
25
4842000
0
4842000
30
6862500
0
6862500
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.