This page reflects MKTX 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 — MKTX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $130.00 (13.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$7.45
±6.4%
Days to Expiry
15
Calendar days
Total Call OI
354
Nearest expiry
Total Put OI
607
Nearest expiry
P/C OI Ratio
1.71
Put-heavy
Spot Price
$116.53
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
$150.00
5/15/2026, 11:24:23 PM
2026-06-18
$125.00
6/18/2026, 11:21:01 PM
2026-07-17NextUpdated
$130.00
7/3/2026, 11:21:14 PM
2026-08-21
$145.00
7/3/2026, 11:21:14 PM
2026-09-18
$115.00
7/3/2026, 11:21:14 PM
2026-11-20
$140.00
7/3/2026, 11:21:14 PM
2027-02-19
$120.00
7/3/2026, 11:21:14 PM
Selected expiration: 2026-07-17 at max pain $130.00.
MKTX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
1176500
1176500
100
0
874000
874000
105
0
588500
588500
110
0
413000
413000
115
22500
297000
319500
120
46500
214500
261000
125
73000
145000
218000
130
110500
96500
207000
135
162000
74000
236000
140
218000
51500
269500
145
275500
29000
304500
150
416500
8500
425000
155
559500
5000
564500
160
707000
1500
708500
165
860000
0
860000
170
1017500
0
1017500
175
1189500
0
1189500
180
1366500
0
1366500
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.