This page reflects PTC 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 — PTC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $115.00 (9.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$7.78
±6.2%
Days to Expiry
15
Calendar days
Total Call OI
5,397
Nearest expiry
Total Put OI
204
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$124.55
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
$145.00
5/15/2026, 11:32:33 PM
2026-06-18
$120.00
6/18/2026, 11:28:53 PM
2026-07-17NextUpdated
$115.00
7/3/2026, 11:24:16 PM
2026-08-21
$115.00
7/3/2026, 11:24:16 PM
2026-10-16
$130.00
7/3/2026, 11:24:16 PM
2026-11-20
$125.00
7/3/2026, 11:24:16 PM
2027-01-15
$110.00
7/3/2026, 11:24:16 PM
Selected expiration: 2026-07-17 at max pain $115.00.
PTC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
614000
614000
90
0
513500
513500
95
0
414500
414500
100
0
316500
316500
105
500
231000
231500
110
1000
157000
158000
115
3500
95000
98500
120
31500
69000
100500
125
337500
52000
389500
130
746000
38000
784000
135
1161000
28000
1189000
140
1580000
25000
1605000
145
2006000
22500
2028500
150
2791500
20000
2811500
155
3603500
17500
3621000
160
4435000
15000
4450000
165
6174000
12500
6186500
170
8772000
10000
8782000
175
11428000
7500
11435500
180
14090500
5000
14095500
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.