Philip Morris International IncClose $182.27EOD only
Max Pain
$177.50
Next expiry Jul 10, 2026
Expected Move
±$3.00
1.6% from close
Price Gap
-4.77
Distance to max pain
IV Rank
12
Low premium
P/C OI
1.18
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects PM 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 — PM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $177.50 (4.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$177.50
Nearest expiry
Expected Move
±$3.00
±1.6%
Days to Expiry
8
Calendar days
Total Call OI
1,195
Nearest expiry
Total Put OI
854
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$182.27
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
$180.00
6/26/2026, 11:24:49 PM
2026-07-02
$175.00
7/2/2026, 11:27:46 PM
2026-07-10NextUpdated
$177.50
7/3/2026, 11:23:46 PM
2026-07-17
$180.00
7/3/2026, 11:23:46 PM
2026-07-24
$175.00
7/3/2026, 11:23:46 PM
2026-07-31
$180.00
7/3/2026, 11:23:46 PM
2026-08-21
$180.00
7/3/2026, 11:23:46 PM
2026-09-18
$170.00
7/3/2026, 11:23:46 PM
2026-11-20
$170.00
7/3/2026, 11:23:46 PM
2026-12-18
$160.00
7/3/2026, 11:23:46 PM
2027-01-15
$150.00
7/3/2026, 11:23:46 PM
2027-03-19
$175.00
7/3/2026, 11:23:46 PM
2027-06-17
$160.00
7/3/2026, 11:23:46 PM
Selected expiration: 2026-07-10 at max pain $177.50.
PM pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
6321250
6321250
100
0
5895750
5895750
105
0
5471250
5471250
110
0
5048250
5048250
115
0
4627750
4627750
120
0
4209250
4209250
130
0
3377250
3377250
140
0
2549250
2549250
145
0
2139750
2139750
150
0
1734750
1734750
155
0
1335250
1335250
160
0
964750
964750
162.5
0
781500
781500
165
0
599000
599000
167.5
0
441500
441500
170
0
295250
295250
172.5
4250
178500
182750
175
9250
74250
83500
177.5
26000
34500
60500
180
56500
17500
74000
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.