This page reflects PSX 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 — PSX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $170.00 (6.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$2.85
±1.6%
Days to Expiry
8
Calendar days
Total Call OI
667
Nearest expiry
Total Put OI
132
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$176.42
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
$170.00
6/26/2026, 11:25:38 PM
2026-07-02
$172.50
7/2/2026, 11:27:17 PM
2026-07-10NextUpdated
$170.00
7/3/2026, 11:26:33 PM
2026-07-17
$172.50
7/3/2026, 11:26:33 PM
2026-07-24
$170.00
7/3/2026, 11:26:33 PM
2026-07-31
$175.00
7/3/2026, 11:26:33 PM
2026-08-07
$175.00
7/3/2026, 11:26:33 PM
2026-08-21
$170.00
7/3/2026, 11:26:33 PM
2026-09-18
$165.00
7/3/2026, 11:26:33 PM
2026-11-20
$150.00
7/3/2026, 11:26:33 PM
2026-12-18
$145.00
7/3/2026, 11:26:33 PM
2027-01-15
$135.00
7/3/2026, 11:26:33 PM
2027-02-19
$170.00
7/3/2026, 11:26:33 PM
2027-03-19
$170.00
7/3/2026, 11:26:33 PM
2027-06-17
$170.00
7/3/2026, 11:26:33 PM
Selected expiration: 2026-07-10 at max pain $170.00.
PSX pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
956250
956250
95
500
890250
890750
105
2500
758250
760750
140
13000
296250
309250
152.5
16750
133750
150500
155
17500
103750
121250
160
19000
54250
73250
162.5
20000
32250
52250
165
21250
17500
38750
167.5
22500
10000
32500
170
23750
4750
28500
172.5
50500
2000
52500
175
81500
0
81500
177.5
131000
0
131000
180
184500
0
184500
182.5
252250
0
252250
185
324000
0
324000
190
542500
0
542500
195
770000
0
770000
200
999000
0
999000
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.