Pinnacle West Capital CorporatiClose $109.37EOD only
Max Pain
$100.00
Next expiry Jul 17, 2026
Expected Move
±$1.33
1.2% from close
Price Gap
-9.37
Distance to max pain
IV Rank
25
Low premium
P/C OI
0.29
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects PNW 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 — PNW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $100.00 (9.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$1.33
±1.2%
Days to Expiry
15
Calendar days
Total Call OI
1,119
Nearest expiry
Total Put OI
486
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$109.37
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
$105.00
5/15/2026, 11:30:55 PM
2026-06-18
$100.00
6/18/2026, 11:24:34 PM
2026-07-17NextUpdated
$100.00
7/3/2026, 11:23:58 PM
2026-08-21
$85.00
7/3/2026, 11:23:58 PM
2026-10-16
$95.00
7/3/2026, 11:23:58 PM
2026-12-18
$90.00
7/3/2026, 11:23:58 PM
2027-01-15
$90.00
7/3/2026, 11:23:58 PM
Selected expiration: 2026-07-17 at max pain $100.00.
PNW pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
1442500
1442500
70
0
1200000
1200000
75
0
960500
960500
80
0
725500
725500
85
0
518500
518500
90
9500
328500
338000
95
54000
156000
210000
100
183000
21500
204500
105
340500
2500
343000
110
772500
1500
774000
115
1290500
500
1291000
120
1814500
0
1814500
125
2338500
0
2338500
130
2895500
0
2895500
135
3454500
0
3454500
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.