This page reflects PSFE 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 — PSFE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $6.00 (2.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$1.10
±13.1%
Days to Expiry
15
Calendar days
Total Call OI
2,336
Nearest expiry
Total Put OI
2,019
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$8.41
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
$8.00
5/15/2026, 11:34:32 PM
2026-06-18
$8.00
6/18/2026, 11:28:27 PM
2026-07-17NextUpdated
$6.00
7/3/2026, 11:24:31 PM
2026-08-21
$8.00
7/3/2026, 11:24:31 PM
2026-10-16
$7.00
7/3/2026, 11:24:31 PM
2027-01-15
$10.00
7/3/2026, 11:24:31 PM
Selected expiration: 2026-07-17 at max pain $6.00.
PSFE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
230100
230100
6
55300
28900
84200
7
110600
14000
124600
8
179500
6800
186300
9
304000
3200
307200
10
465900
800
466700
11
674800
600
675400
12
884400
400
884800
13
1096200
200
1096400
14
1329000
100
1329100
15
1562000
0
1562000
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.