This page reflects NPO 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 — NPO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $370.00 (34.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$370.00
Nearest expiry
Expected Move
±$22.10
±6.6%
Days to Expiry
15
Calendar days
Total Call OI
39
Nearest expiry
Total Put OI
1,098
Nearest expiry
P/C OI Ratio
28.15
Put-heavy
Spot Price
$335.50
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
$280.00
5/15/2026, 11:25:43 PM
2026-06-18
$290.00
6/18/2026, 11:29:07 PM
2026-07-17NextUpdated
$370.00
7/3/2026, 11:22:23 PM
2026-08-21
$400.00
7/3/2026, 11:22:23 PM
2026-09-18
$175.00
7/3/2026, 11:22:23 PM
2026-12-18
$250.00
7/3/2026, 11:22:23 PM
Selected expiration: 2026-07-17 at max pain $370.00.
NPO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
185
0
17663000
17663000
190
3000
17114000
17117000
195
6500
16565000
16571500
210
17000
14918000
14935000
250
49000
10526000
10575000
260
59000
9428000
9487000
270
70000
8331000
8401000
280
83000
7235000
7318000
290
98000
6140000
6238000
300
113000
5046000
5159000
310
128000
3955000
4083000
320
143000
2866000
3009000
330
159000
1777000
1936000
340
176000
1293000
1469000
350
196000
816000
1012000
360
216000
409000
625000
370
236000
3000
239000
380
258000
0
258000
390
285000
0
285000
400
316000
0
316000
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.