This page reflects PPC 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 — PPC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $27.90 (0.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.90
Nearest expiry
Expected Move
±$23.00
±80.0%
Days to Expiry
15
Calendar days
Total Call OI
8,380
Nearest expiry
Total Put OI
1,365
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$28.76
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
$31.00
5/15/2026, 11:33:02 PM
2026-06-18
$28.00
6/18/2026, 11:26:23 PM
2026-07-17NextUpdated
$27.90
7/3/2026, 11:22:21 PM
2026-08-21
$27.00
7/3/2026, 11:22:21 PM
2026-09-18
$31.00
7/3/2026, 11:22:21 PM
2026-12-18
$26.00
7/3/2026, 11:22:21 PM
Selected expiration: 2026-07-17 at max pain $27.90.
PPC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
16.6
0
1347210
1347210
18.7
0
1060560
1060560
21.6
290
664710
665000
22.9
420
548230
548650
24.6
590
400500
401090
26.6
790
235500
236290
26.7
980
231890
232870
27.9
3260
188690
191950
28.7
22860
172850
195710
29.6
45270
155120
200390
31.6
151670
120720
272390
31.7
170640
119390
290030
32.9
398280
103550
501830
33.7
987480
94990
1082470
34.6
1650510
86350
1736860
35
1952390
83430
2035820
36.6
3160550
71750
3232300
36.7
3236520
71020
3307540
38
4224130
61530
4285660
38.6
4679950
57210
4737160
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.