This page reflects MXL 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 — MXL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $95.00 (1.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$19.90
±21.4%
Days to Expiry
15
Calendar days
Total Call OI
10,710
Nearest expiry
Total Put OI
11,771
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$93.12
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
$60.00
5/15/2026, 11:23:18 PM
2026-06-18
$80.00
6/18/2026, 11:21:39 PM
2026-07-17NextUpdated
$95.00
7/3/2026, 11:22:17 PM
2026-08-21
$85.00
7/3/2026, 11:22:17 PM
2026-09-18
$70.00
7/3/2026, 11:22:17 PM
2026-12-18
$40.00
7/3/2026, 11:22:17 PM
2027-01-15
$75.00
7/3/2026, 11:22:17 PM
2027-06-17
$95.00
7/3/2026, 11:22:17 PM
Selected expiration: 2026-07-17 at max pain $95.00.
MXL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
50872000
50872000
45
4000
44993500
44997500
50
9500
39121000
39130500
55
18500
33443000
33461500
60
31000
28187000
28218000
65
58500
23160000
23218500
70
105500
18253000
18358500
75
191000
13649500
13840500
80
286000
9299000
9585000
85
463500
5757000
6220500
90
867500
2563500
3431000
95
1573500
948500
2522000
100
3372500
615500
3988000
105
5858000
416500
6274500
110
8501000
271000
8772000
115
11556500
155000
11711500
120
14831000
91000
14922000
125
18748500
71000
18819500
130
22925000
51000
22976000
135
27349000
31000
27380000
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.