This page reflects O 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 — O
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (3.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$2.15
±3.4%
Days to Expiry
15
Calendar days
Total Call OI
12,280
Nearest expiry
Total Put OI
8,829
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$63.84
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
$62.50
5/15/2026, 11:27:12 PM
2026-06-18
$60.00
6/18/2026, 11:25:31 PM
2026-07-17NextUpdated
$60.00
7/3/2026, 11:23:49 PM
2026-08-21
$60.00
7/3/2026, 11:23:49 PM
2026-09-18
$60.00
7/3/2026, 11:23:49 PM
2026-12-18
$60.00
7/3/2026, 11:23:49 PM
2027-01-15
$60.00
7/3/2026, 11:23:49 PM
2027-03-19
$60.00
7/3/2026, 11:23:49 PM
2027-06-17
$50.00
7/3/2026, 11:23:49 PM
Selected expiration: 2026-07-17 at max pain $60.00.
O pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
21683500
21683500
40
0
17269500
17269500
42.5
1000
15065500
15066500
45
2000
12861750
12863750
47.5
3000
10659250
10662250
50
4000
8458000
8462000
52.5
5500
6264750
6270250
55
7000
4082750
4089750
57.5
8750
1986500
1995250
60
12500
268000
280500
62.5
660000
25250
685250
65
2594000
0
2594000
67.5
5520750
0
5520750
70
8582000
0
8582000
75
14717000
0
14717000
80
20852500
0
20852500
85
26988500
0
26988500
90
33125000
0
33125000
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.