This page reflects MIR 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 — MIR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $17.50 (0.12 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.70
±9.8%
Days to Expiry
15
Calendar days
Total Call OI
4,453
Nearest expiry
Total Put OI
1,663
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$17.38
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
$20.00
5/15/2026, 11:25:09 PM
2026-06-18
$17.50
6/18/2026, 11:22:19 PM
2026-07-17NextUpdated
$17.50
7/3/2026, 11:20:44 PM
2026-08-21
$17.50
7/3/2026, 11:20:44 PM
2026-11-20
$20.00
7/3/2026, 11:20:44 PM
2027-01-15
$20.00
7/3/2026, 11:20:44 PM
Selected expiration: 2026-07-17 at max pain $17.50.
MIR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2467250
2467250
5
750
2052250
2053000
7.5
2000
1637500
1639500
10
3250
1222750
1226000
12.5
4500
809000
813500
15
5750
397750
403500
17.5
8000
9500
17500
20
698500
2500
701000
22.5
1618500
1750
1620250
25
2730000
1000
2731000
30
4956500
0
4956500
35
7183000
0
7183000
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.