This page reflects PENG 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 — PENG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (1.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$16.10
±26.2%
Days to Expiry
15
Calendar days
Total Call OI
12,750
Nearest expiry
Total Put OI
7,152
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$61.47
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
$35.00
5/15/2026, 11:34:02 PM
2026-06-18
$45.00
6/18/2026, 11:27:08 PM
2026-07-17NextUpdated
$60.00
7/3/2026, 11:21:48 PM
2026-08-21
$60.00
7/3/2026, 11:21:48 PM
2026-09-18
$40.00
7/3/2026, 11:21:48 PM
2026-10-16
$50.00
7/3/2026, 11:21:48 PM
2026-12-18
$40.00
7/3/2026, 11:21:48 PM
2027-01-15
$25.00
7/3/2026, 11:21:48 PM
2027-03-19
$45.00
7/3/2026, 11:21:48 PM
2027-04-16
$35.00
7/3/2026, 11:21:48 PM
Selected expiration: 2026-07-17 at max pain $60.00.
PENG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
22322250
22322250
22.5
0
20545750
20545750
25
1250
18770000
18771250
30
6250
15225500
15231750
35
14250
11764500
11778750
40
52250
9000000
9052250
45
168750
6418500
6587250
50
320750
4140000
4460750
55
565750
2267500
2833250
60
1090750
635500
1726250
65
2069250
331000
2400250
70
3556750
182500
3739250
75
5516250
113500
5629750
80
8372250
83000
8455250
85
11792750
56500
11849250
90
15333250
31500
15364750
95
19213750
9500
19223250
100
23191250
0
23191250
105
28775250
0
28775250
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.