This page reflects NSP 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 — NSP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $30.00 (15.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$5.90
±13.0%
Days to Expiry
15
Calendar days
Total Call OI
520
Nearest expiry
Total Put OI
308
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$45.37
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
$30.00
5/15/2026, 11:26:48 PM
2026-06-18
$30.00
6/18/2026, 11:25:21 PM
2026-07-17NextUpdated
$30.00
7/3/2026, 11:21:16 PM
2026-08-21
$35.00
7/3/2026, 11:21:16 PM
2026-10-16
$30.00
7/3/2026, 11:21:16 PM
2027-01-15
$40.00
7/3/2026, 11:21:16 PM
Selected expiration: 2026-07-17 at max pain $30.00.
NSP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
641500
641500
12.5
0
564500
564500
15
0
487500
487500
17.5
0
411250
411250
20
500
335000
335500
22.5
1000
265500
266500
25
2000
203000
205000
30
24500
95500
120000
35
96000
59000
155000
40
177000
34000
211000
45
269000
23500
292500
50
371500
13000
384500
55
485500
6500
492000
60
744000
0
744000
65
1004000
0
1004000
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.