This page reflects PCVX 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 — PCVX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $55.00 (3.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$4.80
±8.2%
Days to Expiry
15
Calendar days
Total Call OI
1,845
Nearest expiry
Total Put OI
3,927
Nearest expiry
P/C OI Ratio
2.13
Put-heavy
Spot Price
$58.39
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, 11:31:06 PM
2026-06-18
$50.00
6/18/2026, 11:24:59 PM
2026-07-17NextUpdated
$55.00
7/3/2026, 11:26:01 PM
2026-08-21
$50.00
7/3/2026, 11:26:01 PM
2026-10-16
$55.00
7/3/2026, 11:26:01 PM
2026-12-18
$55.00
7/3/2026, 11:26:01 PM
2027-01-15
$60.00
7/3/2026, 11:26:01 PM
Selected expiration: 2026-07-17 at max pain $55.00.
PCVX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
8121500
8121500
30
0
6163000
6163000
35
0
4208500
4208500
40
0
2257500
2257500
45
0
307500
307500
50
1000
66500
67500
55
7000
2000
9000
60
225000
0
225000
65
460500
0
460500
70
846500
0
846500
75
1265000
0
1265000
80
2187000
0
2187000
85
3109000
0
3109000
90
4031000
0
4031000
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.