This page reflects OWL 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 — OWL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $9.00 (0.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.58
±6.4%
Days to Expiry
8
Calendar days
Total Call OI
2,457
Nearest expiry
Total Put OI
2,210
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$9.04
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$9.00
6/26/2026, 11:24:38 PM
2026-07-02
$9.00
7/2/2026, 11:26:34 PM
2026-07-10NextUpdated
$9.00
7/3/2026, 11:26:13 PM
2026-07-17
$9.00
7/3/2026, 11:26:13 PM
2026-07-24
$9.00
7/3/2026, 11:26:13 PM
2026-07-31
$9.00
7/3/2026, 11:26:13 PM
2026-08-07
$9.00
7/3/2026, 11:26:13 PM
2026-08-21
$11.00
7/3/2026, 11:26:13 PM
2026-09-18
$12.00
7/3/2026, 11:26:13 PM
2026-10-16
$10.00
7/3/2026, 11:26:13 PM
2026-11-20
$9.00
7/3/2026, 11:26:13 PM
2026-12-18
$8.00
7/3/2026, 11:26:13 PM
2027-01-15
$12.00
7/3/2026, 11:26:13 PM
2027-02-19
$10.00
7/3/2026, 11:26:13 PM
Selected expiration: 2026-07-10 at max pain $9.00.
OWL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
1218700
1218700
4
0
998000
998000
4.5
200
887700
887900
5
400
777550
777950
5.5
600
667550
668150
7
1200
338450
339650
7.5
1400
229350
230750
8
1600
122000
123600
8.5
2400
49700
52100
9
18450
20950
39400
9.5
67150
4350
71500
10
139900
100
140000
10.5
222000
0
222000
11
318900
0
318900
11.5
431000
0
431000
12
547400
0
547400
13
791500
0
791500
13.5
913550
0
913550
15
1281350
0
1281350
16
1526850
0
1526850
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.