Old Republic International CorpClose $41.87EOD only
Max Pain
$37.50
Next expiry Jul 17, 2026
Expected Move
±$5.02
12.0% from close
Price Gap
-4.37
Distance to max pain
IV Rank
24
Low premium
P/C OI
0.28
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects ORI 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 — ORI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $37.50 (4.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.50
Nearest expiry
Expected Move
±$5.02
±12.0%
Days to Expiry
15
Calendar days
Total Call OI
1,581
Nearest expiry
Total Put OI
302
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$41.87
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, 11:25:14 PM
2026-06-18
$40.00
6/18/2026, 11:26:14 PM
2026-07-17NextUpdated
$37.50
7/3/2026, 11:24:11 PM
2026-08-21
$40.00
7/3/2026, 11:24:11 PM
2026-10-16
$45.00
7/3/2026, 11:24:11 PM
2027-01-15
$30.00
7/3/2026, 11:24:11 PM
Selected expiration: 2026-07-17 at max pain $37.50.
ORI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
497500
497500
25
3000
346500
349500
27.5
4500
271000
275500
30
6250
195500
201750
32.5
8000
120000
128000
35
17000
50250
67250
37.5
27250
16500
43750
40
42750
6250
49000
42.5
106000
2500
108500
45
214000
1000
215000
47.5
448500
500
449000
50
838250
0
838250
52.5
1230500
0
1230500
55
1623500
0
1623500
57.5
2017250
0
2017250
60
2411750
0
2411750
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.