This page reflects PDFS 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 — PDFS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (9.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$7.90
±13.3%
Days to Expiry
15
Calendar days
Total Call OI
381
Nearest expiry
Total Put OI
73
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$59.18
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
$30.00
5/15/2026, 11:33:14 PM
2026-06-18
$45.00
6/18/2026, 11:30:59 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:24:34 PM
2026-08-21
$40.00
7/3/2026, 11:24:34 PM
2026-11-20
$35.00
7/3/2026, 11:24:34 PM
2027-02-19
$60.00
7/3/2026, 11:24:34 PM
Selected expiration: 2026-07-17 at max pain $50.00.
PDFS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
134500
134500
45
0
100500
100500
50
7500
66500
74000
55
35000
40500
75500
60
65000
17500
82500
65
98500
5000
103500
70
137500
0
137500
75
189500
0
189500
80
248000
0
248000
90
365000
0
365000
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.