This page reflects PAYX 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 — PAYX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $100.00 (6.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$4.95
±4.7%
Days to Expiry
15
Calendar days
Total Call OI
8,142
Nearest expiry
Total Put OI
6,194
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$106.35
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
$95.00
5/15/2026, 11:30:29 PM
2026-06-18
$95.00
6/18/2026, 11:28:03 PM
2026-07-17NextUpdated
$100.00
7/3/2026, 11:21:04 PM
2026-08-21
$100.00
7/3/2026, 11:21:04 PM
2026-09-18
$90.00
7/3/2026, 11:21:04 PM
2026-12-18
$100.00
7/3/2026, 11:21:04 PM
2027-01-15
$110.00
7/3/2026, 11:21:04 PM
2027-03-19
$100.00
7/3/2026, 11:21:04 PM
2027-06-17
$95.00
7/3/2026, 11:21:04 PM
Selected expiration: 2026-07-17 at max pain $100.00.
PAYX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
22193000
22193000
60
0
19098000
19098000
65
500
16003000
16003500
70
1000
12935000
12936000
75
1500
9938500
9940000
80
2000
6976500
6978500
85
2500
4068000
4070500
90
3000
1660000
1663000
95
21500
669000
690500
100
193500
115500
309000
105
1164000
22000
1186000
110
3290500
0
3290500
115
6859500
0
6859500
120
10830000
0
10830000
125
14853500
0
14853500
135
22921500
0
22921500
140
26957000
0
26957000
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.