This page reflects PR 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 — PR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $19.00 (0.80 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$1.02
±5.6%
Days to Expiry
15
Calendar days
Total Call OI
5,414
Nearest expiry
Total Put OI
6,929
Nearest expiry
P/C OI Ratio
1.28
Put-heavy
Spot Price
$18.20
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
$21.00
5/15/2026, 11:32:41 PM
2026-06-18
$20.00
6/18/2026, 11:28:34 PM
2026-07-17NextUpdated
$19.00
7/3/2026, 11:25:51 PM
2026-08-21
$19.00
7/3/2026, 11:25:51 PM
2026-10-16
$18.00
7/3/2026, 11:25:51 PM
2027-01-15
$12.00
7/3/2026, 11:25:51 PM
Selected expiration: 2026-07-17 at max pain $19.00.
PR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
7457500
7457500
6
0
6765000
6765000
7
0
6073000
6073000
8
0
5381300
5381300
9
0
4689600
4689600
10
0
3998100
3998100
11
200
3306900
3307100
12
700
2618100
2618800
13
1200
1934000
1935200
14
1800
1292600
1294400
15
2900
769100
772000
16
5200
560200
565400
17
11800
370400
382200
18
54200
207800
262000
19
119600
83900
203500
20
298200
25800
324000
21
573400
4000
577400
22
917100
0
917100
23
1336000
0
1336000
24
1799000
0
1799000
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.