This page reflects NSC 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 — NSC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $310.00 (12.71 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$10.40
±3.2%
Days to Expiry
15
Calendar days
Total Call OI
717
Nearest expiry
Total Put OI
467
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$322.71
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
$310.00
5/15/2026, 11:26:35 PM
2026-06-18
$290.00
6/18/2026, 11:25:06 PM
2026-07-17NextUpdated
$310.00
7/3/2026, 11:20:32 PM
2026-08-21
$310.00
7/3/2026, 11:20:32 PM
2026-09-18
$290.00
7/3/2026, 11:20:32 PM
2026-12-18
$300.00
7/3/2026, 11:20:32 PM
2027-01-15
$290.00
7/3/2026, 11:20:32 PM
2027-03-19
$290.00
7/3/2026, 11:20:32 PM
2027-06-17
$310.00
7/3/2026, 11:20:32 PM
Selected expiration: 2026-07-17 at max pain $310.00.
NSC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
6849000
6849000
170
0
5919000
5919000
230
6000
3129000
3135000
240
7000
2666000
2673000
250
8000
2206000
2214000
260
9000
1753000
1762000
270
10000
1305000
1315000
280
11000
889000
900000
290
12000
532000
544000
300
19000
256000
275000
310
49000
48000
97000
320
281000
1000
282000
330
712000
0
712000
340
1253000
0
1253000
350
1925000
0
1925000
360
2633000
0
2633000
370
3348000
0
3348000
380
4063000
0
4063000
400
5493000
0
5493000
410
6210000
0
6210000
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.