This page reflects MTH 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 — MTH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (11.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$2.00
±2.4%
Days to Expiry
15
Calendar days
Total Call OI
1,049
Nearest expiry
Total Put OI
615
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$81.86
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, 11:28:03 PM
2026-06-18
$70.00
6/18/2026, 11:25:15 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:19:15 PM
2026-08-21
$77.50
7/3/2026, 11:19:15 PM
2026-09-18
$67.50
7/3/2026, 11:19:15 PM
2026-12-18
$77.50
7/3/2026, 11:19:15 PM
Selected expiration: 2026-07-17 at max pain $70.00.
MTH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
1310500
1310500
45
0
1157000
1157000
47.5
0
1003750
1003750
55
0
544750
544750
57.5
0
398250
398250
60
0
257000
257000
62.5
750
168000
168750
65
1500
89000
90500
67.5
4000
40250
44250
70
8000
18000
26000
72.5
17500
9500
27000
75
44000
4000
48000
77.5
178750
750
179500
80
330000
500
330500
82.5
508000
250
508250
85
687750
0
687750
87.5
891000
0
891000
90
1094500
0
1094500
95
1616500
0
1616500
100
2140000
0
2140000
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.