This page reflects PONY 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 — PONY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $8.00 (1.17 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.58
±8.4%
Days to Expiry
8
Calendar days
Total Call OI
1,100
Nearest expiry
Total Put OI
1,500
Nearest expiry
P/C OI Ratio
1.36
Put-heavy
Spot Price
$6.83
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
$8.00
6/26/2026, 11:28:52 PM
2026-07-02
$7.50
7/2/2026, 11:25:26 PM
2026-07-10NextUpdated
$8.00
7/3/2026, 11:23:25 PM
2026-07-17
$7.50
7/3/2026, 11:23:25 PM
2026-07-24
$7.50
7/3/2026, 11:23:25 PM
2026-07-31
$8.00
7/3/2026, 11:23:25 PM
2026-08-07
$8.50
7/3/2026, 11:23:25 PM
2026-08-21
$7.50
7/3/2026, 11:23:25 PM
2026-11-20
$10.00
7/3/2026, 11:23:25 PM
2027-01-15
$10.00
7/3/2026, 11:23:25 PM
2027-02-19
$7.50
7/3/2026, 11:23:25 PM
Selected expiration: 2026-07-10 at max pain $8.00.
PONY pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
4.5
0
387850
387850
5.5
0
249050
249050
6
0
187300
187300
6.5
0
128800
128800
7
900
74600
75500
7.5
8450
44150
52600
8
23250
16350
39600
8.5
44350
8500
52850
9
69850
3600
73450
9.5
103950
1250
105200
10
139700
550
140250
10.5
176350
150
176500
11
216650
0
216650
11.5
270350
0
270350
12
324750
0
324750
13.5
489750
0
489750
18
984750
0
984750
19
1094750
0
1094750
20
1204750
0
1204750
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.