This page reflects OLMA 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 — OLMA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (2.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$4.90
±38.8%
Days to Expiry
15
Calendar days
Total Call OI
4,263
Nearest expiry
Total Put OI
1,293
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$12.64
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
$1.00
5/15/2026, 11:29:10 PM
2026-06-18
$13.00
6/18/2026, 11:25:36 PM
2026-07-17NextUpdated
$15.00
7/3/2026, 11:22:03 PM
2026-08-21
$11.00
7/3/2026, 11:22:03 PM
2026-10-16
$11.00
7/3/2026, 11:22:03 PM
2026-12-18
$30.00
7/3/2026, 11:22:03 PM
2027-01-15
$10.00
7/3/2026, 11:22:03 PM
Selected expiration: 2026-07-17 at max pain $15.00.
OLMA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1702300
1702300
2
2700
1573000
1575700
9
22300
667900
690200
10
25200
572900
598100
11
46200
483800
530000
12
68200
395900
464100
13
92100
315700
407800
14
117000
236200
353200
15
142100
187000
329100
16
238100
168100
406200
17
347100
150800
497900
18
456100
133500
589600
20
734300
99300
833600
21
873400
83100
956500
22
1012700
66900
1079600
23
1153900
57100
1211000
24
1296500
47300
1343800
25
1441400
38700
1480100
26
1587700
34200
1621900
27
1741500
29700
1771200
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.