Nearest listed expiration 2026-07-06 shows max pain at $370.00 (20.49 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$370.00
Nearest expiry
Expected Move
±$7.65
±2.0%
Days to Expiry
4
Calendar days
Total Call OI
20,697
Nearest expiry
Total Put OI
13,591
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$390.49
Published close
Consensus
8.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-06
Expiration
Max Pain Strike
Last Updated
2026-07-01
$370.00
7/1/2026, 11:22:16 PM
2026-07-02
$370.00
7/2/2026, 11:22:50 PM
2026-07-06NextUpdated
$370.00
7/3/2026, 11:21:31 PM
2026-07-08
$367.50
7/3/2026, 11:21:31 PM
2026-07-10
$375.00
7/3/2026, 11:21:31 PM
2026-07-17
$390.00
7/3/2026, 11:21:31 PM
2026-07-24
$360.00
7/3/2026, 11:21:31 PM
2026-07-31
$375.00
7/3/2026, 11:21:31 PM
2026-08-07
$370.00
7/3/2026, 11:21:31 PM
2026-08-21
$390.00
7/3/2026, 11:21:31 PM
2026-09-18
$410.00
7/3/2026, 11:21:31 PM
2026-10-16
$400.00
7/3/2026, 11:21:31 PM
2026-11-20
$400.00
7/3/2026, 11:21:31 PM
2026-12-18
$400.00
7/3/2026, 11:21:31 PM
2027-01-15
$400.00
7/3/2026, 11:21:31 PM
2027-03-19
$400.00
7/3/2026, 11:21:31 PM
2027-06-17
$390.00
7/3/2026, 11:21:31 PM
Selected expiration: 2026-07-06 at max pain $370.00.
MSFT pain by strike for 2026-07-06 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
76962500
76962500
305
9500
70171000
70180500
310
28000
63379500
63407500
315
55500
56588000
56643500
320
86500
49836500
49923000
325
125000
43144000
43269000
327.5
159500
39884000
40043500
330
194000
36624750
36818750
332.5
236250
33378250
33614500
335
284750
30148750
30433500
337.5
339250
26961750
27301000
340
394500
23935750
24330250
342.5
454000
20983500
21437500
345
518000
18066000
18584000
347.5
583000
15213250
15796250
350
675750
12399000
13074750
352.5
818250
10211500
11029750
355
980750
8838750
9819500
357.5
1202250
7592250
8794500
360
1440000
6464500
7904500
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.