This page reflects PPG 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 — PPG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $60.00 (65.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$2.12
±1.7%
Days to Expiry
8
Calendar days
Total Call OI
510
Nearest expiry
Total Put OI
28
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$125.33
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
$95.00
6/26/2026, 11:25:43 PM
2026-07-02
$98.00
7/2/2026, 11:28:31 PM
2026-07-10NextUpdated
$60.00
7/3/2026, 11:25:14 PM
2026-07-17
$95.00
7/3/2026, 11:25:14 PM
2026-07-24
$60.00
7/3/2026, 11:25:14 PM
2026-07-31
$110.00
7/3/2026, 11:25:14 PM
2026-08-21
$115.00
7/3/2026, 11:25:14 PM
2026-09-18
$115.00
7/3/2026, 11:25:14 PM
2026-11-20
$100.00
7/3/2026, 11:25:14 PM
2026-12-18
$115.00
7/3/2026, 11:25:14 PM
2027-01-15
$105.00
7/3/2026, 11:25:14 PM
2027-03-19
$105.00
7/3/2026, 11:25:14 PM
Selected expiration: 2026-07-10 at max pain $60.00.
PPG pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
152500
152500
65
29000
138500
167500
70
81000
124500
205500
75
166000
110500
276500
106
882100
23700
905800
107
905200
21100
926300
108
928300
18600
946900
109
951400
16400
967800
110
974500
14300
988800
112
1020700
10500
1031200
113
1044000
8600
1052600
114
1069700
6900
1076600
116
1121100
3900
1125000
117
1146800
2500
1149300
118
1172600
1400
1174000
119
1200700
500
1201200
120
1229900
400
1230300
121
1259900
300
1260200
122
1290300
200
1290500
123
1322100
100
1322200
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.