This page reflects MHO 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 — MHO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $125.00 (31.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$5.05
±3.2%
Days to Expiry
15
Calendar days
Total Call OI
1,909
Nearest expiry
Total Put OI
83
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$156.84
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
$120.00
5/15/2026, 11:24:04 PM
2026-06-18
$135.00
6/18/2026, 11:22:09 PM
2026-07-17NextUpdated
$125.00
7/3/2026, 11:21:17 PM
2026-08-21
$140.00
7/3/2026, 11:21:17 PM
2026-10-16
$130.00
7/3/2026, 11:21:17 PM
2027-01-15
$145.00
7/3/2026, 11:21:17 PM
Selected expiration: 2026-07-17 at max pain $125.00.
MHO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
449000
449000
80
0
407500
407500
85
3000
366000
369000
90
6500
324500
331000
95
13000
283000
296000
100
19500
244000
263500
110
32500
166000
198500
115
39000
132500
171500
120
46000
104500
150500
125
53000
79500
132500
130
176500
57500
234000
135
432500
36000
468500
140
965500
16500
982000
145
1720500
13500
1734000
150
2500500
10500
2511000
155
3334500
7500
3342000
160
4209500
4500
4214000
165
5133500
1500
5135000
170
6071500
1000
6072500
175
7022500
500
7023000
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.