This page reflects PEP 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 — PEP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $141.00 (3.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$141.00
Nearest expiry
Expected Move
±$6.53
±4.5%
Days to Expiry
8
Calendar days
Total Call OI
4,283
Nearest expiry
Total Put OI
4,961
Nearest expiry
P/C OI Ratio
1.16
Put-heavy
Spot Price
$144.22
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
$141.00
6/26/2026, 11:24:47 PM
2026-07-02
$139.00
7/2/2026, 11:26:10 PM
2026-07-10NextUpdated
$141.00
7/3/2026, 11:24:03 PM
2026-07-17
$145.00
7/3/2026, 11:24:03 PM
2026-07-24
$140.00
7/3/2026, 11:24:03 PM
2026-07-31
$145.00
7/3/2026, 11:24:03 PM
2026-08-07
$140.00
7/3/2026, 11:24:03 PM
2026-08-21
$145.00
7/3/2026, 11:24:03 PM
2026-09-18
$145.00
7/3/2026, 11:24:03 PM
2026-10-16
$145.00
7/3/2026, 11:24:03 PM
2026-11-20
$145.00
7/3/2026, 11:24:03 PM
2026-12-18
$150.00
7/3/2026, 11:24:03 PM
2027-01-15
$145.00
7/3/2026, 11:24:03 PM
2027-03-19
$155.00
7/3/2026, 11:24:03 PM
2027-06-17
$145.00
7/3/2026, 11:24:03 PM
Selected expiration: 2026-07-10 at max pain $141.00.
PEP pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
19866400
19866400
100
0
17386900
17386900
105
0
14908400
14908400
110
0
12430900
12430900
115
0
9996400
9996400
120
0
7568400
7568400
125
36000
5235900
5271900
127
55400
4395300
4450700
128
65100
3980800
4045900
129
74800
3578100
3652900
130
84500
3180000
3264500
131
95300
2813900
2909200
132
106100
2455800
2561900
133
118300
2130800
2249100
134
132500
1809700
1942200
135
146700
1503700
1650400
136
163500
1289700
1453200
137
182600
1084800
1267400
138
205900
887600
1093500
139
253900
703200
957100
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.