Madison Square Garden EntertainClose $78.39EOD only
Max Pain
$25.00
Next expiry Jul 17, 2026
Expected Move
±$5.85
7.5% from close
Price Gap
-53.39
Distance to max pain
IV Rank
2
Low premium
P/C OI
0.29
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects MSGE 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 — MSGE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $25.00 (53.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$5.85
±7.5%
Days to Expiry
15
Calendar days
Total Call OI
5,182
Nearest expiry
Total Put OI
1,485
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$78.39
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
$65.00
5/15/2026, 11:26:52 PM
2026-06-18
$70.00
6/18/2026, 11:27:18 PM
2026-07-17NextUpdated
$25.00
7/3/2026, 11:19:27 PM
2026-10-16
$60.00
7/3/2026, 11:19:27 PM
2027-01-15
$75.00
7/3/2026, 11:19:27 PM
Selected expiration: 2026-07-17 at max pain $25.00.
MSGE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
5833250
5833250
25
0
5462000
5462000
30
1725500
4719500
6445000
35
3451000
3977000
7428000
45
6902000
2493000
9395000
50
8629000
1771000
10400000
55
10361000
1049000
11410000
60
12122500
329500
12452000
65
13884000
201500
14085500
70
15676500
85000
15761500
75
17519000
24500
17543500
80
19635000
2000
19637000
85
22114000
1000
22115000
90
24700000
0
24700000
95
27288000
0
27288000
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.