This page reflects OSS 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 — OSS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $17.50 (1.81 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$2.50
±15.9%
Days to Expiry
15
Calendar days
Total Call OI
5,976
Nearest expiry
Total Put OI
14,075
Nearest expiry
P/C OI Ratio
2.36
Put-heavy
Spot Price
$15.69
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
$10.00
5/15/2026, 11:27:55 PM
2026-06-18
$17.50
6/18/2026, 11:26:21 PM
2026-07-17NextUpdated
$17.50
7/3/2026, 11:24:09 PM
2026-08-21
$7.50
7/3/2026, 11:24:09 PM
2026-11-20
$10.00
7/3/2026, 11:24:09 PM
2026-12-18
$17.50
7/3/2026, 11:24:09 PM
2027-01-15
$10.00
7/3/2026, 11:24:09 PM
Selected expiration: 2026-07-17 at max pain $17.50.
OSS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
17631000
17631000
5
750
14112250
14113000
7.5
1750
10593500
10595250
10
3000
7074750
7077750
12.5
15750
3564750
3580500
15
31750
91250
123000
17.5
63000
31000
94000
20
161250
7250
168500
22.5
607750
0
607750
25
1127500
0
1127500
30
2437000
0
2437000
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.