This page reflects OTIS 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 — OTIS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $72.50 (0.64 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$72.50
Nearest expiry
Expected Move
±$2.80
±3.8%
Days to Expiry
15
Calendar days
Total Call OI
2,800
Nearest expiry
Total Put OI
964
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$73.14
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
$80.00
5/15/2026, 11:28:15 PM
2026-06-18
$75.00
6/18/2026, 11:26:49 PM
2026-07-17NextUpdated
$72.50
7/3/2026, 11:23:58 PM
2026-08-21
$75.00
7/3/2026, 11:23:58 PM
2026-09-18
$80.00
7/3/2026, 11:23:58 PM
2026-12-18
$70.00
7/3/2026, 11:23:58 PM
Selected expiration: 2026-07-17 at max pain $72.50.
OTIS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
1383750
1383750
60
0
903250
903250
62.5
0
664000
664000
65
0
426000
426000
67.5
250
208500
208750
70
2750
38500
41250
72.5
15500
10250
25750
75
53000
500
53500
77.5
296000
250
296250
80
734000
0
734000
82.5
1412500
0
1412500
85
2112250
0
2112250
90
3512250
0
3512250
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.