Par Pacific Holdings, Inc. CommClose $58.49EOD only
Max Pain
$50.00
Next expiry Jul 17, 2026
Expected Move
±$4.72
8.1% from close
Price Gap
-8.49
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.19
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects PARR 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 — PARR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (8.49 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
±$4.72
±8.1%
Days to Expiry
15
Calendar days
Total Call OI
1,491
Nearest expiry
Total Put OI
640
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$58.49
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, 11:30:13 PM
2026-06-18
$50.00
6/18/2026, 11:27:26 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:24:06 PM
2026-08-21
$50.00
7/3/2026, 11:24:06 PM
2026-09-18
$50.00
7/3/2026, 11:24:06 PM
2026-10-16
$45.00
7/3/2026, 11:24:06 PM
2026-12-18
$50.00
7/3/2026, 11:24:06 PM
Selected expiration: 2026-07-17 at max pain $50.00.
PARR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2227250
2227250
17.5
0
2067500
2067500
22.5
0
1748500
1748500
25
750
1589000
1589750
30
2250
1270000
1272250
35
9750
974500
984250
40
24250
693500
717750
45
71250
450500
521750
50
144750
270000
414750
55
279750
158500
438250
60
541250
94500
635750
65
1076750
54000
1130750
70
1679250
27000
1706250
75
2317750
0
2317750
80
2983250
0
2983250
85
3678750
0
3678750
90
4388750
0
4388750
100
5878750
0
5878750
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.