This page reflects PHM 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 — PHM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $132.00 (1.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$132.00
Nearest expiry
Expected Move
±$2.05
±1.5%
Days to Expiry
8
Calendar days
Total Call OI
134
Nearest expiry
Total Put OI
216
Nearest expiry
P/C OI Ratio
1.61
Put-heavy
Spot Price
$133.67
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
$124.00
6/26/2026, 11:25:32 PM
2026-07-02
$127.00
7/2/2026, 11:26:37 PM
2026-07-10NextUpdated
$132.00
7/3/2026, 11:25:31 PM
2026-07-17
$135.00
7/3/2026, 11:25:31 PM
2026-07-24
$131.00
7/3/2026, 11:25:31 PM
2026-07-31
$115.00
7/3/2026, 11:25:31 PM
2026-08-21
$135.00
7/3/2026, 11:25:31 PM
2026-09-18
$125.00
7/3/2026, 11:25:31 PM
2026-10-16
$120.00
7/3/2026, 11:25:31 PM
2026-12-18
$125.00
7/3/2026, 11:25:31 PM
2027-01-15
$125.00
7/3/2026, 11:25:31 PM
2027-03-19
$120.00
7/3/2026, 11:25:31 PM
Selected expiration: 2026-07-10 at max pain $132.00.
PHM pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
771200
771200
95
0
668200
668200
100
0
570700
570700
110
0
377700
377700
111
0
358500
358500
112
200
339500
339700
113
400
320600
321000
114
600
302000
302600
115
800
283600
284400
116
1000
265600
266600
117
1200
247700
248900
118
1400
229900
231300
119
1600
212300
213900
120
2000
195000
197000
121
2500
178000
180500
125
4900
110000
114900
129
8900
43600
52500
130
10800
27000
37800
131
15400
18200
33600
132
20100
12300
32400
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.