This page reflects PCG 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 — PCG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $16.50 (0.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.50
Nearest expiry
Expected Move
±$0.50
±2.9%
Days to Expiry
8
Calendar days
Total Call OI
1,422
Nearest expiry
Total Put OI
1,913
Nearest expiry
P/C OI Ratio
1.35
Put-heavy
Spot Price
$17.05
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$16.50
6/26/2026, 11:27:53 PM
2026-07-02
$16.50
7/2/2026, 11:27:27 PM
2026-07-10NextUpdated
$16.50
7/3/2026, 11:26:14 PM
2026-07-17
$17.00
7/3/2026, 11:26:14 PM
2026-07-24
$17.00
7/3/2026, 11:26:14 PM
2026-07-31
$16.00
7/3/2026, 11:26:14 PM
2026-08-21
$16.00
7/3/2026, 11:26:14 PM
2026-09-18
$17.00
7/3/2026, 11:26:14 PM
2026-12-18
$15.00
7/3/2026, 11:26:14 PM
2027-01-15
$16.00
7/3/2026, 11:26:14 PM
2027-03-19
$17.00
7/3/2026, 11:26:14 PM
2027-06-17
$17.00
7/3/2026, 11:26:14 PM
Selected expiration: 2026-07-10 at max pain $16.50.
PCG pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
1339850
1339850
10
0
1148650
1148650
11.5
150
861850
862000
12
200
766250
766450
13
300
575050
575350
13.5
350
482050
482400
14
400
389150
389550
14.5
550
296500
297050
15
700
204150
204850
15.5
850
113950
114800
16
1000
38500
39500
16.5
1200
11700
12900
17
16200
1000
17200
17.5
51750
700
52450
18
119550
600
120150
18.5
190600
550
191150
24
972700
0
972700
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.