This page reflects OVV 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 — OVV
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (2.96 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$3.45
±6.5%
Days to Expiry
15
Calendar days
Total Call OI
5,470
Nearest expiry
Total Put OI
1,489
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$52.96
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
$60.00
5/15/2026, 11:28:31 PM
2026-06-18
$55.00
6/18/2026, 11:24:06 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:25:08 PM
2026-08-21
$55.00
7/3/2026, 11:25:08 PM
2026-10-16
$55.00
7/3/2026, 11:25:08 PM
2027-01-15
$50.00
7/3/2026, 11:25:08 PM
Selected expiration: 2026-07-17 at max pain $50.00.
OVV pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
4493500
4493500
25
0
3749500
3749500
30
0
3005500
3005500
31
0
2856700
2856700
32
0
2707900
2707900
33
0
2559100
2559100
34
0
2410300
2410300
35
0
2261500
2261500
36
0
2115500
2115500
37
0
1969600
1969600
38
0
1823700
1823700
39
0
1678900
1678900
40
0
1534600
1534600
41
0
1398900
1398900
42
0
1263700
1263700
43
0
1129700
1129700
44
100
997100
997200
45
4100
865900
870000
46
16300
754500
770800
47
36500
643300
679800
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.