This page reflects PAYC 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 — PAYC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $135.00 (4.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$10.10
±7.3%
Days to Expiry
15
Calendar days
Total Call OI
1,641
Nearest expiry
Total Put OI
1,536
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$139.21
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
$125.00
5/15/2026, 11:28:26 PM
2026-06-18
$130.00
6/18/2026, 11:30:50 PM
2026-07-17NextUpdated
$135.00
7/3/2026, 11:25:33 PM
2026-08-21
$140.00
7/3/2026, 11:25:33 PM
2026-11-20
$145.00
7/3/2026, 11:25:33 PM
2026-12-18
$175.00
7/3/2026, 11:25:33 PM
2027-01-15
$155.00
7/3/2026, 11:25:33 PM
Selected expiration: 2026-07-17 at max pain $135.00.
PAYC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
6427500
6427500
95
0
5660000
5660000
100
0
4899000
4899000
105
4500
4146500
4151000
110
9000
3414000
3423000
115
15500
2704500
2720000
120
24500
2018000
2042500
125
81500
1342000
1423500
130
206500
682500
889000
135
501500
105500
607000
140
878500
50500
929000
145
1323000
20500
1343500
150
1922500
8500
1931000
155
2574000
0
2574000
160
3246500
0
3246500
165
3956000
0
3956000
170
4702000
0
4702000
175
5480000
0
5480000
180
6265500
0
6265500
185
7085000
0
7085000
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.