This page reflects OMER 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 — OMER
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $11.00 (1.72 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$1.07
±11.6%
Days to Expiry
15
Calendar days
Total Call OI
14,214
Nearest expiry
Total Put OI
22,444
Nearest expiry
P/C OI Ratio
1.58
Put-heavy
Spot Price
$9.28
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
$11.00
5/15/2026, 11:32:17 PM
2026-06-18
$11.00
6/18/2026, 11:26:30 PM
2026-07-17NextUpdated
$11.00
7/3/2026, 11:22:02 PM
2026-08-21
$10.00
7/3/2026, 11:22:02 PM
2026-11-20
$12.00
7/3/2026, 11:22:02 PM
2026-12-18
$10.00
7/3/2026, 11:22:02 PM
2027-01-15
$7.00
7/3/2026, 11:22:02 PM
2027-02-19
$7.00
7/3/2026, 11:22:02 PM
Selected expiration: 2026-07-17 at max pain $11.00.
OMER pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
16273200
16273200
2
100
14028800
14028900
3
300
11784400
11784700
4
600
9540000
9540600
5
1000
7298000
7299000
6
1400
5809700
5811100
7
2300
4327400
4329700
8
5200
3000900
3006100
9
16400
1767900
1784300
10
242500
700600
943100
11
595200
24400
619600
12
1150800
9600
1160400
13
1871700
5100
1876800
14
2755800
2400
2758200
15
3660900
1800
3662700
16
4888900
1400
4890300
17
6125300
1100
6126400
18
7364100
800
7364900
19
8608900
500
8609400
20
9853700
200
9853900
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.