This page reflects NYT 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 — NYT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $75.00 (1.15 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$3.42
±4.6%
Days to Expiry
15
Calendar days
Total Call OI
10,077
Nearest expiry
Total Put OI
2,922
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$73.85
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
$80.00
5/15/2026, 11:25:44 PM
2026-06-18
$75.00
6/18/2026, 11:25:34 PM
2026-07-17NextUpdated
$75.00
7/3/2026, 11:20:19 PM
2026-08-21
$70.00
7/3/2026, 11:20:19 PM
2026-10-16
$75.00
7/3/2026, 11:20:19 PM
2026-12-18
$75.00
7/3/2026, 11:20:19 PM
2027-01-15
$65.00
7/3/2026, 11:20:19 PM
Selected expiration: 2026-07-17 at max pain $75.00.
NYT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
9757000
9757000
45
0
8299000
8299000
50
0
6841000
6841000
55
0
5383000
5383000
60
500
3927000
3927500
65
1000
2475500
2476500
70
4500
1032500
1037000
72.5
36000
705750
741750
75
99500
387500
487000
77.5
1282250
144500
1426750
80
2473250
95500
2568750
82.5
4848000
62750
4910750
85
7223250
30000
7253250
90
12066250
0
12066250
95
16951750
0
16951750
100
21970750
0
21970750
105
27009250
0
27009250
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.