This page reflects PII 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 — PII
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (6.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$5.53
±8.8%
Days to Expiry
15
Calendar days
Total Call OI
1,204
Nearest expiry
Total Put OI
619
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$63.12
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
$60.00
5/15/2026, 11:31:59 PM
2026-06-18
$65.00
6/18/2026, 11:31:38 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:24:54 PM
2026-08-21
$70.00
7/3/2026, 11:24:54 PM
2026-09-18
$55.00
7/3/2026, 11:24:54 PM
2026-12-18
$65.00
7/3/2026, 11:24:54 PM
2027-01-15
$50.00
7/3/2026, 11:24:54 PM
Selected expiration: 2026-07-17 at max pain $70.00.
PII pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
1936000
1936000
40
0
1626500
1626500
45
0
1317500
1317500
50
0
1009000
1009000
55
0
707000
707000
60
6000
430500
436500
65
14000
197000
211000
70
36500
71500
108000
75
197000
0
197000
80
513500
0
513500
85
911000
0
911000
90
1423500
0
1423500
95
2015000
0
2015000
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.