This page reflects OCS 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 — OCS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $12.50 (1.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$3.38
±23.9%
Days to Expiry
15
Calendar days
Total Call OI
3,672
Nearest expiry
Total Put OI
127
Nearest expiry
P/C OI Ratio
0.03
Put-heavy
Spot Price
$14.12
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
$25.00
5/15/2026, 11:28:19 PM
2026-06-18
$22.50
6/18/2026, 11:25:42 PM
2026-07-17NextUpdated
$12.50
7/3/2026, 11:21:21 PM
2026-08-21
$12.50
7/3/2026, 11:21:21 PM
2026-11-20
$10.00
7/3/2026, 11:21:21 PM
Selected expiration: 2026-07-17 at max pain $12.50.
OCS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
118500
118500
10
0
59500
59500
12.5
2750
30500
33250
15
97250
14000
111250
17.5
236250
8000
244250
20
380500
2250
382750
22.5
532750
1750
534500
25
687250
1500
688750
30
998250
1000
999250
35
1370250
500
1370750
40
1832250
0
1832250
45
3666250
0
3666250
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.