This page reflects PLSE 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 — PLSE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $18.00 (11.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$7.05
±24.1%
Days to Expiry
15
Calendar days
Total Call OI
756
Nearest expiry
Total Put OI
185
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$29.20
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
$20.00
5/15/2026, 11:29:34 PM
2026-06-18
$24.00
6/18/2026, 11:25:53 PM
2026-07-17NextUpdated
$18.00
7/3/2026, 11:27:19 PM
2026-10-16
$18.00
7/3/2026, 11:27:19 PM
2027-01-15
$16.00
7/3/2026, 11:27:19 PM
Selected expiration: 2026-07-17 at max pain $18.00.
PLSE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
272800
272800
5
0
240800
240800
10
0
166800
166800
11
0
152100
152100
12
0
137500
137500
13
0
123100
123100
14
0
108900
108900
15
100
95000
95100
16
200
81300
81500
17
300
68200
68500
18
4100
55800
59900
19
24500
44800
69300
20
49900
35900
85800
21
81300
27500
108800
22
113000
20600
133600
23
155000
14300
169300
24
198000
8300
206300
25
242800
2600
245400
26
289700
1600
291300
27
336600
800
337400
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.