What is MS max pain this week?

MS max pain for the nearest expiration (2026-07-10) is $215.00. Total call open interest: 4,103. Total put open interest: 7,138.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options MSMax Pain

MS

Morgan StanleyClose $213.93EOD only

Max Pain

$215.00

Next expiry Jul 10, 2026

Expected Move

±$7.50

3.5% from close

Price Gap

+1.07

Distance to max pain

IV Rank

Low premium

P/C OI

1.38

Slightly put-heavy

Consensus

3/4

Partial coverage

Published snapshot: Jul 2, 2026 close

End-of-day snapshot

This page reflects MS 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 — MS

Data as of market close Jul 2, 2026

Open Available Reports (3/4)

Nearest listed expiration 2026-07-10 shows max pain at $215.00 (1.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$215.00

Nearest expiry

Expected Move

±$7.50

±3.5%

Days to Expiry

Calendar days

Total Call OI

4,103

Nearest expiry

Total Put OI

7,138

Nearest expiry

P/C OI Ratio

1.74

Put-heavy

Spot Price

$213.93

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-07-10

Expiration	Max Pain Strike	Last Updated
2026-06-26	$220.00	6/26/2026, 11:20:14 PM
2026-07-02	$215.00	7/2/2026, 11:22:54 PM
2026-07-10NextUpdated	$215.00	7/3/2026, 11:16:56 PM
2026-07-17	$200.00	7/3/2026, 11:16:56 PM
2026-07-24	$210.00	7/3/2026, 11:16:56 PM
2026-07-31	$205.00	7/3/2026, 11:16:56 PM
2026-08-07	$215.00	7/3/2026, 11:16:56 PM
2026-08-21	$195.00	7/3/2026, 11:16:56 PM
2026-09-18	$185.00	7/3/2026, 11:16:56 PM
2026-10-16	$200.00	7/3/2026, 11:16:56 PM
2026-11-20	$195.00	7/3/2026, 11:16:56 PM
2026-12-18	$160.00	7/3/2026, 11:16:56 PM
2027-01-15	$165.00	7/3/2026, 11:16:56 PM
2027-03-19	$190.00	7/3/2026, 11:16:56 PM
2027-06-17	$210.00	7/3/2026, 11:16:56 PM

Selected expiration: 2026-07-10 at max pain $215.00.

MS pain by strike for 2026-07-10 expiration
Strike	Call Pain	Put Pain	Total Pain
135	0	39639750	39639750
165	0	18240750	18240750
175	1000	11107750	11108750
180	1500	7555250	7556750
185	2000	5563250	5565250
190	4500	4049750	4054250
195	7000	2945750	2952750
200	23500	2006250	2029750
202.5	35750	1623750	1659500
205	51000	1248750	1299750
207.5	73250	961500	1034750
210	97250	680500	777750
212.5	151000	490750	641750
215	264750	316500	581250
217.5	417500	184000	601500
220	590750	54250	645000
222.5	857500	35000	892500
225	1150500	18750	1169250
227.5	1518500	7000	1525500
230	1977000	0	1977000

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.