This page reflects NET 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 — NET
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $230.00 (12.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$8.22
±3.4%
Days to Expiry
8
Calendar days
Total Call OI
4,364
Nearest expiry
Total Put OI
2,436
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$242.41
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$225.00
6/26/2026, 11:20:59 PM
2026-07-02
$235.00
7/2/2026, 11:24:37 PM
2026-07-10NextUpdated
$230.00
7/3/2026, 11:21:05 PM
2026-07-17
$210.00
7/3/2026, 11:21:05 PM
2026-07-24
$195.00
7/3/2026, 11:21:05 PM
2026-07-31
$245.00
7/3/2026, 11:21:05 PM
2026-08-07
$235.00
7/3/2026, 11:21:05 PM
2026-08-21
$200.00
7/3/2026, 11:21:05 PM
2026-09-18
$195.00
7/3/2026, 11:21:05 PM
2026-11-20
$240.00
7/3/2026, 11:21:05 PM
2026-12-18
$190.00
7/3/2026, 11:21:05 PM
2027-01-15
$165.00
7/3/2026, 11:21:05 PM
2027-02-19
$210.00
7/3/2026, 11:21:05 PM
2027-03-19
$185.00
7/3/2026, 11:21:05 PM
2027-06-17
$250.00
7/3/2026, 11:21:05 PM
Selected expiration: 2026-07-10 at max pain $230.00.
NET pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
22451250
22451250
125
42500
21233250
21275750
130
87500
20015250
20102750
135
132500
18799750
18932250
140
178000
17587750
17765750
145
224000
16382750
16606750
150
270000
15184750
15454750
155
359500
13993750
14353250
160
458500
12809250
13267750
165
557500
11633250
12190750
170
656500
10471250
11127750
175
756000
9331750
10087750
177.5
806500
8766250
9572750
180
857250
8201250
9058500
182.5
909500
7696000
8605500
185
961750
7191000
8152750
187.5
1015000
6702000
7717000
190
1068250
6213250
7281500
195
1177250
5305250
6482500
197.5
1232000
4857750
6089750
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.