This page reflects METC 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 — METC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $12.00 (0.95 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$1.90
±14.7%
Days to Expiry
15
Calendar days
Total Call OI
64,852
Nearest expiry
Total Put OI
4,156
Nearest expiry
P/C OI Ratio
0.06
Put-heavy
Spot Price
$12.95
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
$15.00
5/15/2026, 11:24:56 PM
2026-06-18
$14.00
6/18/2026, 11:23:23 PM
2026-07-17NextUpdated
$12.00
7/3/2026, 11:20:32 PM
2026-08-21
$14.00
7/3/2026, 11:20:32 PM
2026-09-18
$15.00
7/3/2026, 11:20:32 PM
2026-12-18
$14.00
7/3/2026, 11:20:32 PM
2027-01-15
$25.00
7/3/2026, 11:20:32 PM
Selected expiration: 2026-07-17 at max pain $12.00.
METC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
2183600
2183600
9
4500
1768400
1772900
10
9000
1356700
1365700
11
14200
950700
964900
12
19900
569300
589200
13
1242400
315100
1557500
14
3482800
167400
3650200
15
6310200
96300
6406500
16
9316000
64000
9380000
17
13799600
39600
13839200
18
19301600
17600
19319200
19
25001500
8300
25009800
20
30717500
200
30717700
21
36967600
100
36967700
22
43233600
0
43233600
23
49522400
0
49522400
24
55907200
0
55907200
25
62365000
0
62365000
30
94696000
0
94696000
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.