This page reflects NOV 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 — NOV
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $19.00 (0.98 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$1.08
±6.0%
Days to Expiry
15
Calendar days
Total Call OI
3,851
Nearest expiry
Total Put OI
556
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$18.02
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
$18.00
5/15/2026, 11:30:32 PM
2026-06-18
$20.00
6/18/2026, 11:22:59 PM
2026-07-17NextUpdated
$19.00
7/3/2026, 11:21:58 PM
2026-08-21
$18.00
7/3/2026, 11:21:58 PM
2026-11-20
$20.00
7/3/2026, 11:21:58 PM
2027-01-15
$12.00
7/3/2026, 11:21:58 PM
2027-02-19
$15.00
7/3/2026, 11:21:58 PM
Selected expiration: 2026-07-17 at max pain $19.00.
NOV pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
129800
129800
16
1100
74200
75300
17
3900
39100
43000
18
7300
16900
24200
19
13800
4300
18100
20
32600
1000
33600
21
240400
100
240500
22
462500
0
462500
23
701600
0
701600
24
1030700
0
1030700
25
1414900
0
1414900
26
1799400
0
1799400
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.