This page reflects PI 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 — PI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $130.00 (11.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$16.45
±11.6%
Days to Expiry
15
Calendar days
Total Call OI
1,735
Nearest expiry
Total Put OI
990
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$141.58
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
$120.00
5/15/2026, 11:31:50 PM
2026-06-18
$130.00
6/18/2026, 11:26:00 PM
2026-07-17NextUpdated
$130.00
7/3/2026, 11:21:53 PM
2026-08-21
$135.00
7/3/2026, 11:21:53 PM
2026-10-16
$135.00
7/3/2026, 11:21:53 PM
2026-12-18
$125.00
7/3/2026, 11:21:53 PM
2027-01-15
$115.00
7/3/2026, 11:21:53 PM
Selected expiration: 2026-07-17 at max pain $130.00.
PI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
6616000
6616000
50
250
6369250
6369500
55
750
5877750
5878500
60
1250
5386750
5388000
65
1750
4909750
4911500
70
6250
4435250
4441500
75
12750
3998250
4011000
80
20250
3573750
3594000
85
28750
3213750
3242500
90
38750
2861250
2900000
92.5
45000
2688500
2733500
95
51500
2516250
2567750
97.5
60500
2359500
2420000
100
69500
2203500
2273000
105
99000
1925000
2024000
110
134500
1661500
1796000
115
177500
1431500
1609000
120
241000
1208500
1449500
125
332500
1006500
1339000
130
448500
833500
1282000
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.