This page reflects OXM 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 — OXM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $40.00 (5.12 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.77
±10.8%
Days to Expiry
15
Calendar days
Total Call OI
210
Nearest expiry
Total Put OI
1,376
Nearest expiry
P/C OI Ratio
6.55
Put-heavy
Spot Price
$34.88
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
$40.00
5/15/2026, 11:30:52 PM
2026-06-18
$40.00
6/18/2026, 11:27:50 PM
2026-07-17NextUpdated
$40.00
7/3/2026, 11:26:24 PM
2026-08-21
$40.00
7/3/2026, 11:26:24 PM
2026-10-16
$40.00
7/3/2026, 11:26:24 PM
2027-01-15
$35.00
7/3/2026, 11:26:24 PM
Selected expiration: 2026-07-17 at max pain $40.00.
OXM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
1799750
1799750
20
0
1459000
1459000
22.5
0
1122750
1122750
25
1250
787000
788250
30
3750
239500
243250
35
7250
32500
39750
40
15750
7500
23250
45
47250
5000
52250
50
98750
2500
101250
55
188750
500
189250
60
282250
0
282250
65
385750
0
385750
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.