This page reflects PLMR 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 — PLMR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $110.00 (30.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$36.45
±26.0%
Days to Expiry
15
Calendar days
Total Call OI
395
Nearest expiry
Total Put OI
58
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$140.00
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
$110.00
5/15/2026, 11:31:34 PM
2026-06-18
$105.00
6/18/2026, 11:30:51 PM
2026-07-17NextUpdated
$110.00
7/3/2026, 11:27:02 PM
2026-08-21
$105.00
7/3/2026, 11:27:02 PM
2026-10-16
$115.00
7/3/2026, 11:27:02 PM
2027-01-15
$75.00
7/3/2026, 11:27:02 PM
Selected expiration: 2026-07-17 at max pain $110.00.
PLMR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
233000
233000
65
1000
204000
205000
70
2000
176000
178000
75
3000
150500
153500
80
4000
128000
132000
85
5000
108000
113000
90
6000
89000
95000
95
8000
71500
79500
100
10500
58000
68500
105
20000
45500
65500
110
30000
33500
63500
115
40500
24000
64500
120
54000
14500
68500
125
126500
6500
133000
130
203500
1500
205000
135
294500
0
294500
140
395500
0
395500
145
548000
0
548000
150
700500
0
700500
155
864000
0
864000
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.