This page reflects MGA 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 — MGA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $65.00 (2.31 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$3.32
±5.3%
Days to Expiry
15
Calendar days
Total Call OI
575
Nearest expiry
Total Put OI
1,187
Nearest expiry
P/C OI Ratio
2.06
Put-heavy
Spot Price
$62.69
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
$62.50
5/15/2026, 11:25:37 PM
2026-06-18
$55.00
6/18/2026, 11:21:19 PM
2026-07-17NextUpdated
$65.00
7/3/2026, 11:20:42 PM
2026-08-21
$65.00
7/3/2026, 11:20:42 PM
2026-09-18
$55.00
7/3/2026, 11:20:42 PM
2026-11-20
$60.00
7/3/2026, 11:20:42 PM
2026-12-18
$62.50
7/3/2026, 11:20:42 PM
2027-01-15
$40.00
7/3/2026, 11:20:42 PM
Selected expiration: 2026-07-17 at max pain $65.00.
MGA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
1589000
1589000
50
0
1294750
1294750
52.5
0
1008250
1008250
55
0
755250
755250
57.5
0
502500
502500
60
500
264250
264750
62.5
15000
39250
54250
65
35500
13750
49250
67.5
66000
2500
68500
70
131250
0
131250
72.5
237250
0
237250
75
356500
0
356500
77.5
493500
0
493500
80
636500
0
636500
85
923500
0
923500
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.