This page reflects PNR 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 — PNR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $75.00 (1.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$3.58
±4.7%
Days to Expiry
15
Calendar days
Total Call OI
1,551
Nearest expiry
Total Put OI
1,141
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$76.72
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
$82.50
5/15/2026, 11:30:47 PM
2026-06-18
$72.50
6/18/2026, 11:29:30 PM
2026-07-17NextUpdated
$75.00
7/3/2026, 11:24:17 PM
2026-08-21
$75.00
7/3/2026, 11:24:17 PM
2026-09-18
$75.00
7/3/2026, 11:24:17 PM
2026-11-20
$95.00
7/3/2026, 11:24:17 PM
2027-01-15
$85.00
7/3/2026, 11:24:17 PM
Selected expiration: 2026-07-17 at max pain $75.00.
PNR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
1999000
1999000
60
0
1435000
1435000
62.5
0
1154000
1154000
65
0
877750
877750
67.5
250
609500
609750
70
1000
358250
359250
72.5
2250
216750
219000
75
8750
132000
140750
77.5
280000
67500
347500
80
556000
5250
561250
82.5
861000
0
861000
85
1181750
0
1181750
87.5
1540250
0
1540250
90
1900500
0
1900500
92.5
2268000
0
2268000
95
2638250
0
2638250
97.5
3009000
0
3009000
100
3388500
0
3388500
110
4927500
0
4927500
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.