This page reflects NEO 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 — NEO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $11.00 (4.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$1.55
±10.2%
Days to Expiry
15
Calendar days
Total Call OI
196
Nearest expiry
Total Put OI
72
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$15.16
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
$10.00
5/15/2026, 11:24:50 PM
2026-06-18
$9.00
6/18/2026, 11:23:32 PM
2026-07-17NextUpdated
$11.00
7/3/2026, 11:19:07 PM
2026-08-21
$10.00
7/3/2026, 11:19:07 PM
2026-11-20
$7.00
7/3/2026, 11:19:07 PM
2026-12-18
$10.00
7/3/2026, 11:19:07 PM
2027-02-19
$9.00
7/3/2026, 11:19:07 PM
Selected expiration: 2026-07-17 at max pain $11.00.
NEO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
69100
69100
2
0
62400
62400
3
200
55700
55900
4
500
49000
49500
5
1000
42300
43300
6
1700
35600
37300
7
2600
28900
31500
8
3500
22300
25800
9
4500
15700
20200
10
6000
11100
17100
11
7700
6700
14400
12
12400
2400
14800
13
18000
1100
19100
14
30200
600
30800
15
42900
100
43000
16
59200
0
59200
17
78400
0
78400
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.