This page reflects ORA 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 — ORA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $115.00 (2.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$8.68
±7.7%
Days to Expiry
15
Calendar days
Total Call OI
9,163
Nearest expiry
Total Put OI
700
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$112.56
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
$105.00
5/15/2026, 11:32:38 PM
2026-06-18
$120.00
6/18/2026, 11:23:59 PM
2026-07-17NextUpdated
$115.00
7/3/2026, 11:24:51 PM
2026-08-21
$110.00
7/3/2026, 11:24:51 PM
2026-09-18
$120.00
7/3/2026, 11:24:51 PM
2026-12-18
$130.00
7/3/2026, 11:24:51 PM
Selected expiration: 2026-07-17 at max pain $115.00.
ORA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
4146500
4146500
80
0
2752500
2752500
85
0
2404500
2404500
90
0
2056500
2056500
95
0
1708500
1708500
100
0
1360500
1360500
105
0
1018000
1018000
110
2000
777500
779500
115
29000
565000
594000
120
4095000
370000
4465000
125
8202500
201000
8403500
130
12328000
39500
12367500
135
16636500
17000
16653500
140
21097500
0
21097500
145
25592500
0
25592500
150
30123000
0
30123000
155
34684000
0
34684000
160
39256500
0
39256500
165
43834500
0
43834500
170
48413000
0
48413000
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.