This page reflects NN 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 — NN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $20.00 (3.72 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.50
±9.2%
Days to Expiry
8
Calendar days
Total Call OI
765
Nearest expiry
Total Put OI
1,237
Nearest expiry
P/C OI Ratio
1.62
Put-heavy
Spot Price
$16.28
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
$18.50
6/26/2026, 11:23:23 PM
2026-07-02
$17.00
7/2/2026, 11:24:27 PM
2026-07-10NextUpdated
$20.00
7/3/2026, 11:20:28 PM
2026-07-17
$18.00
7/3/2026, 11:20:28 PM
2026-07-24
$16.50
7/3/2026, 11:20:28 PM
2026-07-31
$16.00
7/3/2026, 11:20:28 PM
2026-08-21
$20.00
7/3/2026, 11:20:28 PM
2026-09-18
$15.00
7/3/2026, 11:20:28 PM
2026-12-18
$19.00
7/3/2026, 11:20:28 PM
2027-01-15
$15.00
7/3/2026, 11:20:28 PM
Selected expiration: 2026-07-10 at max pain $20.00.
NN pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
294050
294050
13.5
0
232300
232300
14
0
170650
170650
15
0
110250
110250
16
0
69250
69250
16.5
150
55750
55900
17
1050
44950
46000
18
6050
27650
33700
18.5
8700
22650
31350
19.5
14000
14650
28650
20
17000
10650
27650
20.5
37900
9650
47550
21
59600
8750
68350
21.5
84900
7900
92800
22
110450
7200
117650
23
165150
5900
171050
24
219850
4800
224650
25
275150
3900
279050
26
330450
3100
333550
26.5
358400
2700
361100
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.