This page reflects MUX 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 — MUX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $18.00 (0.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$2.05
±10.8%
Days to Expiry
15
Calendar days
Total Call OI
4,713
Nearest expiry
Total Put OI
400
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$18.90
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
$16.00
5/15/2026, 11:25:29 PM
2026-06-18
$19.00
6/18/2026, 11:21:34 PM
2026-07-17NextUpdated
$18.00
7/3/2026, 11:23:07 PM
2026-08-21
$27.00
7/3/2026, 11:23:07 PM
2026-11-20
$30.00
7/3/2026, 11:23:07 PM
2027-01-15
$20.00
7/3/2026, 11:23:07 PM
2027-02-19
$28.00
7/3/2026, 11:23:07 PM
Selected expiration: 2026-07-17 at max pain $18.00.
MUX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
623900
623900
4
8400
584100
592500
5
19300
544700
564000
6
30800
505400
536200
7
42600
466300
508900
9
66200
388500
454700
15
137000
158100
295100
16
148800
121900
270700
17
163600
87900
251500
18
182800
61700
244500
19
213000
42800
255800
20
403100
30500
433600
21
808600
20900
829500
22
1220500
15000
1235500
23
1641000
10000
1651000
24
2072700
5000
2077700
25
2505100
0
2505100
26
2942800
0
2942800
27
3381800
0
3381800
28
3821000
0
3821000
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.