This page reflects OI 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 — OI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $9.00 (0.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.75
±7.7%
Days to Expiry
15
Calendar days
Total Call OI
672
Nearest expiry
Total Put OI
504
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$9.79
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
$10.00
5/15/2026, 11:27:23 PM
2026-06-18
$9.00
6/18/2026, 11:29:34 PM
2026-07-17NextUpdated
$9.00
7/3/2026, 11:22:06 PM
2026-08-21
$11.00
7/3/2026, 11:22:06 PM
2026-11-20
$10.00
7/3/2026, 11:22:06 PM
2026-12-18
$9.00
7/3/2026, 11:22:06 PM
Selected expiration: 2026-07-17 at max pain $9.00.
OI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
372100
372100
2
200
321700
321900
3
500
271900
272400
4
800
222500
223300
5
1200
173300
174500
6
1600
124300
125900
7
2000
78000
80000
8
2400
37900
40300
9
4500
3900
8400
10
17200
200
17400
11
61700
100
61800
12
127300
0
127300
15
328300
0
328300
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.