This page reflects PBF 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 — PBF
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $43.00 (4.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.00
Nearest expiry
Expected Move
±$2.30
±4.8%
Days to Expiry
15
Calendar days
Total Call OI
6,643
Nearest expiry
Total Put OI
2,288
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$47.81
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
$41.00
5/15/2026, 11:30:23 PM
2026-06-18
$38.00
6/18/2026, 11:27:39 PM
2026-07-17NextUpdated
$43.00
7/3/2026, 11:24:22 PM
2026-08-21
$40.00
7/3/2026, 11:24:22 PM
2026-09-18
$42.00
7/3/2026, 11:24:22 PM
2026-12-18
$36.00
7/3/2026, 11:24:22 PM
2027-01-15
$35.00
7/3/2026, 11:24:22 PM
Selected expiration: 2026-07-17 at max pain $43.00.
PBF pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
24
0
3576700
3576700
30
0
2215300
2215300
35
1000
1179800
1180800
36
1600
1019600
1021200
37
2500
864900
867400
38
4100
715900
720000
39
10200
578900
589100
40
25500
454800
480300
41
49900
353600
403500
42
93800
262400
356200
43
155300
181500
336800
44
274700
113400
388100
45
448500
56000
504500
46
643300
1900
645200
47
846600
300
846900
48
1052800
200
1053000
49
1530300
100
1530400
50
2129500
0
2129500
55
5333000
0
5333000
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.