This page reflects NICE 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 — NICE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $90.00 (6.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$7.30
±7.5%
Days to Expiry
15
Calendar days
Total Call OI
2,346
Nearest expiry
Total Put OI
662
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$96.74
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
$105.00
5/15/2026, 11:26:29 PM
2026-06-18
$90.00
6/18/2026, 11:24:45 PM
2026-07-17NextUpdated
$90.00
7/3/2026, 11:20:21 PM
2026-08-21
$95.00
7/3/2026, 11:20:21 PM
2026-11-20
$90.00
7/3/2026, 11:20:21 PM
2027-01-15
$140.00
7/3/2026, 11:20:21 PM
2027-02-19
$90.00
7/3/2026, 11:20:21 PM
Selected expiration: 2026-07-17 at max pain $90.00.
NICE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
1608500
1608500
65
0
1282500
1282500
70
0
964500
964500
75
2500
675500
678000
80
7000
419500
426500
85
16000
197500
213500
90
54500
78500
133000
95
253000
24000
277000
100
871000
10000
881000
105
1662000
3500
1665500
110
2735000
0
2735000
115
3863500
0
3863500
120
5009500
0
5009500
125
6167000
0
6167000
130
7328500
0
7328500
135
8496500
0
8496500
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.