This page reflects ORLY 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 — ORLY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (5.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$4.42
±4.9%
Days to Expiry
15
Calendar days
Total Call OI
5,136
Nearest expiry
Total Put OI
1,173
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$90.25
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
$90.00
5/15/2026, 11:28:47 PM
2026-06-18
$90.00
6/18/2026, 11:24:24 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:22:06 PM
2026-08-21
$90.00
7/3/2026, 11:22:06 PM
2026-09-18
$93.33
7/3/2026, 11:22:06 PM
2026-11-20
$85.00
7/3/2026, 11:22:06 PM
2026-12-18
$90.00
7/3/2026, 11:22:06 PM
2027-01-15
$90.00
7/3/2026, 11:22:06 PM
2027-03-19
$85.00
7/3/2026, 11:22:06 PM
Selected expiration: 2026-07-17 at max pain $85.00.
ORLY pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
1717500
1717500
75
500
1131500
1132000
80
1500
616500
618000
85
15500
264000
279500
90
376000
10500
386500
95
860000
0
860000
100
2722500
0
2722500
105
5276000
0
5276000
110
7840500
0
7840500
115
10408000
0
10408000
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.