This page reflects OR 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 — OR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (3.56 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.20
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
4,484
Nearest expiry
Total Put OI
912
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$31.44
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
$40.00
5/15/2026, 11:26:53 PM
2026-06-18
$35.00
6/18/2026, 11:30:21 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:20:21 PM
2026-08-21
$30.00
7/3/2026, 11:20:21 PM
2026-10-16
$40.00
7/3/2026, 11:20:21 PM
2027-01-15
$40.00
7/3/2026, 11:20:21 PM
Selected expiration: 2026-07-17 at max pain $35.00.
OR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
1416000
1416000
20
2000
1188000
1190000
22.5
4000
960000
964000
25
6750
735000
741750
30
20750
347500
368250
35
87750
122000
209750
40
583750
36500
620250
45
1757250
18000
1775250
50
3207250
0
3207250
55
4979250
0
4979250
60
6859250
0
6859250
65
9048750
0
9048750
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.