This page reflects NEU 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 — NEU
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $725.00 (61.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$725.00
Nearest expiry
Expected Move
±$16.30
±2.1%
Days to Expiry
15
Calendar days
Total Call OI
22
Nearest expiry
Total Put OI
11
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$786.60
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
$620.00
5/15/2026, 11:26:34 PM
2026-06-18
$780.00
6/18/2026, 11:22:11 PM
2026-07-17NextUpdated
$725.00
7/3/2026, 11:22:32 PM
2026-08-21
$620.00
7/3/2026, 11:22:32 PM
2026-09-18
$640.00
7/3/2026, 11:22:32 PM
2026-12-18
$740.00
7/3/2026, 11:22:32 PM
Selected expiration: 2026-07-17 at max pain $725.00.
NEU pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
580
0
199000
199000
615
7000
160500
167500
635
15000
138500
153500
640
17500
133000
150500
650
23500
122000
145500
700
53500
72000
125500
720
69500
52000
121500
725
73500
47500
121000
730
77500
43500
121000
740
87500
35500
123000
755
107000
23500
130500
770
126500
14500
141000
785
146000
7000
153000
790
152500
5000
157500
800
165500
2000
167500
810
178500
0
178500
815
185000
0
185000
820
194000
0
194000
840
232000
0
232000
855
262000
0
262000
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.