This page reflects MFA 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 — MFA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $10.00 (0.52 above 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
±$0.80
±8.4%
Days to Expiry
15
Calendar days
Total Call OI
2,586
Nearest expiry
Total Put OI
998
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$9.48
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, 11:23:28 PM
2026-06-18
$10.00
6/18/2026, 11:22:41 PM
2026-07-17NextUpdated
$10.00
7/3/2026, 11:18:20 PM
2026-08-21
$9.00
7/3/2026, 11:18:20 PM
2026-10-16
$11.00
7/3/2026, 11:18:20 PM
2027-01-15
$12.00
7/3/2026, 11:18:20 PM
Selected expiration: 2026-07-17 at max pain $10.00.
MFA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
825600
825600
2
0
725800
725800
3
0
626000
626000
4
0
526200
526200
5
0
426400
426400
6
200
326600
326800
7
600
226800
227400
8
1700
127200
128900
9
5300
32800
38100
10
10100
600
10700
11
121800
400
122200
12
369900
200
370100
13
628000
100
628100
14
886200
0
886200
16
1403200
0
1403200
17
1661700
0
1661700
20
2437500
0
2437500
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.