This page reflects PL 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 — PL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $31.00 (0.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.00
Nearest expiry
Expected Move
±$3.40
±10.8%
Days to Expiry
8
Calendar days
Total Call OI
6,034
Nearest expiry
Total Put OI
2,092
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$31.38
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
$27.00
6/26/2026, 11:28:33 PM
2026-07-02
$30.50
7/2/2026, 11:26:44 PM
2026-07-10NextUpdated
$31.00
7/3/2026, 11:21:53 PM
2026-07-17
$30.00
7/3/2026, 11:21:53 PM
2026-07-24
$31.00
7/3/2026, 11:21:53 PM
2026-07-31
$30.00
7/3/2026, 11:21:53 PM
2026-08-07
$30.00
7/3/2026, 11:21:53 PM
2026-08-21
$34.00
7/3/2026, 11:21:53 PM
2026-09-18
$29.00
7/3/2026, 11:21:53 PM
2026-10-16
$37.00
7/3/2026, 11:21:53 PM
2027-01-15
$25.00
7/3/2026, 11:21:53 PM
Selected expiration: 2026-07-10 at max pain $31.00.
PL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
16
0
2502650
2502650
17
300
2293450
2293750
18
600
2113450
2114050
19
900
1933750
1934650
20
1200
1754850
1756050
20.5
1550
1666650
1668200
21
1900
1578550
1580450
21.5
2600
1491600
1494200
22
3300
1404650
1407950
22.5
4000
1319650
1323650
23
4700
1235000
1239700
23.5
5400
1151700
1157100
24
6200
1068600
1074800
24.5
7650
987050
994700
25
9100
905950
915050
25.5
12350
834000
846350
26
15600
762650
778250
26.5
20400
695300
715700
27
25250
629600
654850
27.5
33000
567900
600900
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.