This page reflects MIRM 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 — MIRM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (45.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.70
±3.0%
Days to Expiry
15
Calendar days
Total Call OI
298
Nearest expiry
Total Put OI
61
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$125.59
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
$95.00
5/15/2026, 11:22:37 PM
2026-06-18
$100.00
6/18/2026, 11:22:12 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:20:58 PM
2026-08-21
$110.00
7/3/2026, 11:20:58 PM
2026-10-16
$105.00
7/3/2026, 11:20:58 PM
2026-12-18
$75.00
7/3/2026, 11:20:58 PM
2027-01-15
$90.00
7/3/2026, 11:20:58 PM
2027-03-19
$80.00
7/3/2026, 11:20:58 PM
Selected expiration: 2026-07-17 at max pain $80.00.
MIRM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
277000
277000
55
0
155000
155000
60
0
124500
124500
65
0
95500
95500
70
0
66500
66500
75
3000
37500
40500
80
6000
9500
15500
85
19000
7000
26000
90
37000
4500
41500
95
55000
2000
57000
100
80000
500
80500
105
131000
0
131000
110
184500
0
184500
115
283500
0
283500
120
391500
0
391500
125
518500
0
518500
135
793500
0
793500
140
936500
0
936500
150
1228500
0
1228500
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.