This page reflects MOD 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 — MOD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $270.00 (39.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$31.85
±13.8%
Days to Expiry
15
Calendar days
Total Call OI
5,370
Nearest expiry
Total Put OI
5,719
Nearest expiry
P/C OI Ratio
1.06
Put-heavy
Spot Price
$230.97
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
$220.00
5/15/2026, 11:23:53 PM
2026-06-18
$280.00
6/18/2026, 11:26:55 PM
2026-07-17NextUpdated
$270.00
7/3/2026, 11:18:41 PM
2026-08-21
$240.00
7/3/2026, 11:18:41 PM
2026-11-20
$280.00
7/3/2026, 11:18:41 PM
2027-01-15
$200.00
7/3/2026, 11:18:41 PM
2027-02-19
$280.00
7/3/2026, 11:18:41 PM
2027-06-17
$240.00
7/3/2026, 11:18:41 PM
Selected expiration: 2026-07-17 at max pain $270.00.
MOD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
46226000
46226000
150
3000
43369000
43372000
155
6500
40520500
40527000
160
11500
37672000
37683500
165
17500
34824000
34841500
170
23500
31977000
32000500
175
30000
29130000
29160000
180
39000
26294000
26333000
185
50500
24390500
24441000
190
62000
22504000
22566000
195
75500
20652500
20728000
200
101500
18812000
18913500
210
173500
15302000
15475500
220
620500
12183000
12803500
230
1091500
9332000
10423500
240
1566500
6740000
8306500
250
2050500
4463000
6513500
260
2666500
2614000
5280500
270
3508500
1316000
4824500
280
4679500
504000
5183500
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.