This page reflects OUT 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 — OUT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $31.00 (1.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.00
Nearest expiry
Expected Move
±$0.70
±2.1%
Days to Expiry
15
Calendar days
Total Call OI
4,407
Nearest expiry
Total Put OI
9,044
Nearest expiry
P/C OI Ratio
2.05
Put-heavy
Spot Price
$32.86
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
$32.00
5/15/2026, 11:30:01 PM
2026-06-18
$30.00
6/18/2026, 11:27:40 PM
2026-07-17NextUpdated
$31.00
7/3/2026, 11:26:05 PM
2026-08-21
$30.00
7/3/2026, 11:26:05 PM
2026-09-18
$27.00
7/3/2026, 11:26:05 PM
2026-12-18
$29.00
7/3/2026, 11:26:05 PM
Selected expiration: 2026-07-17 at max pain $31.00.
OUT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
3635000
3635000
28
0
923300
923300
29
1000
619400
620400
30
2000
316100
318100
31
18800
13000
31800
32
35800
10300
46100
33
56300
7800
64100
34
491200
5300
496500
35
929900
2800
932700
36
1370500
300
1370800
38
2251900
100
2252000
39
2692600
0
2692600
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.