This page reflects OC 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 — OC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $120.00 (31.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$6.25
±4.1%
Days to Expiry
15
Calendar days
Total Call OI
1,597
Nearest expiry
Total Put OI
913
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$151.06
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
$110.00
5/15/2026, 11:30:59 PM
2026-06-18
$120.00
6/18/2026, 11:25:49 PM
2026-07-17NextUpdated
$120.00
7/3/2026, 11:20:39 PM
2026-08-21
$130.00
7/3/2026, 11:20:39 PM
2026-11-20
$115.00
7/3/2026, 11:20:39 PM
2026-12-18
$125.00
7/3/2026, 11:20:39 PM
2027-02-19
$155.00
7/3/2026, 11:20:39 PM
Selected expiration: 2026-07-17 at max pain $120.00.
OC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
5529500
5529500
55
0
5073500
5073500
60
500
4617500
4618000
65
1000
4164500
4165500
70
1500
3712500
3714000
80
2500
2808500
2811000
90
3500
1910500
1914000
95
4000
1469000
1473000
100
5500
1184500
1190000
105
40000
980500
1020500
110
114000
788500
902500
115
222000
604000
826000
120
338500
442000
780500
125
505000
303000
808000
130
695500
219500
915000
135
1052500
143500
1196000
140
1492000
110000
1602000
145
2174000
82500
2256500
150
2889500
55000
2944500
155
3632500
27500
3660000
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.