This page reflects OSIS 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 — OSIS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (1.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$16.15
±7.3%
Days to Expiry
15
Calendar days
Total Call OI
695
Nearest expiry
Total Put OI
197
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$221.76
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
$280.00
5/15/2026, 11:30:03 PM
2026-06-18
$230.00
6/18/2026, 11:29:49 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:26:18 PM
2026-10-16
$230.00
7/3/2026, 11:26:18 PM
2026-12-18
$220.00
7/3/2026, 11:26:18 PM
2027-01-15
$175.00
7/3/2026, 11:26:18 PM
Selected expiration: 2026-07-17 at max pain $220.00.
OSIS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
1410000
1410000
135
0
1311500
1311500
140
0
1213000
1213000
145
0
1114500
1114500
150
0
1016000
1016000
155
0
917500
917500
165
2000
720500
722500
170
3000
623000
626000
175
4000
527000
531000
180
5000
435000
440000
190
7000
284000
291000
195
8000
231500
239500
200
10000
180000
190000
210
16000
104000
120000
220
22000
32000
54000
230
47000
19000
66000
240
91000
10000
101000
250
146000
2000
148000
260
228000
1000
229000
270
859000
0
859000
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.