This page reflects PRMB 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 — PRMB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $22.50 (2.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$1.53
±6.1%
Days to Expiry
15
Calendar days
Total Call OI
39,958
Nearest expiry
Total Put OI
3,391
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$25.02
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
$20.00
5/15/2026, 11:30:35 PM
2026-06-18
$23.00
6/18/2026, 11:26:18 PM
2026-07-17NextUpdated
$22.50
7/3/2026, 11:22:45 PM
2026-08-21
$22.00
7/3/2026, 11:22:45 PM
2026-09-18
$23.00
7/3/2026, 11:22:45 PM
2026-10-16
$25.00
7/3/2026, 11:22:45 PM
2026-12-18
$20.00
7/3/2026, 11:22:45 PM
2027-01-15
$15.00
7/3/2026, 11:22:45 PM
Selected expiration: 2026-07-17 at max pain $22.50.
PRMB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
6044300
6044300
5
0
5196550
5196550
6
0
4857450
4857450
10
0
3501050
3501050
12.5
250
2678300
2678550
14
400
2186150
2186550
15
500
1929950
1930450
16
700
1682750
1683450
17.5
1000
1324250
1325250
19
2200
985850
988050
20
25700
766250
791950
21
76600
557150
633750
22.5
156550
268700
425250
24
2982550
15500
2998050
25
4957050
400
4957450
26
7013350
0
7013350
27.5
12925150
0
12925150
29
18907000
0
18907000
30
22901200
0
22901200
32.5
32890700
0
32890700
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.