This page reflects OPCH 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 — OPCH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $20.00 (1.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.40
±6.4%
Days to Expiry
15
Calendar days
Total Call OI
10,771
Nearest expiry
Total Put OI
181
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$21.90
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, 11:29:38 PM
2026-06-18
$20.00
6/18/2026, 11:24:39 PM
2026-07-17NextUpdated
$20.00
7/3/2026, 11:20:08 PM
2026-08-21
$22.50
7/3/2026, 11:20:08 PM
2026-10-16
$20.00
7/3/2026, 11:20:08 PM
2027-01-15
$17.50
7/3/2026, 11:20:08 PM
Selected expiration: 2026-07-17 at max pain $20.00.
OPCH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
318250
318250
5
0
273750
273750
7.5
250
229250
229500
15
1750
95750
97500
17.5
2750
52750
55500
20
6000
17750
23750
22.5
38000
5750
43750
25
222500
1750
224250
27.5
810250
750
811000
30
1406250
0
1406250
32.5
3912250
0
3912250
35
6445000
0
6445000
37.5
9018250
0
9018250
40
11599500
0
11599500
42.5
14279250
0
14279250
45
16959000
0
16959000
47.5
19638750
0
19638750
50
22318750
0
22318750
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.