This page reflects PTON 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 — PTON
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $6.00 (0.25 above 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
±$0.45
±7.8%
Days to Expiry
8
Calendar days
Total Call OI
2,286
Nearest expiry
Total Put OI
5,938
Nearest expiry
P/C OI Ratio
2.60
Put-heavy
Spot Price
$5.75
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
$5.50
6/26/2026, 11:26:35 PM
2026-07-02
$5.50
7/2/2026, 11:27:09 PM
2026-07-10NextUpdated
$6.00
7/3/2026, 11:22:07 PM
2026-07-17
$5.00
7/3/2026, 11:22:07 PM
2026-07-24
$2.50
7/3/2026, 11:22:07 PM
2026-07-31
$5.00
7/3/2026, 11:22:07 PM
2026-08-07
$7.00
7/3/2026, 11:22:07 PM
2026-08-21
$5.00
7/3/2026, 11:22:07 PM
2026-10-16
$5.00
7/3/2026, 11:22:07 PM
2027-01-15
$6.00
7/3/2026, 11:22:07 PM
2027-06-17
$5.00
7/3/2026, 11:22:07 PM
Selected expiration: 2026-07-10 at max pain $6.00.
PTON pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2694300
2694300
1.5
4000
2397400
2401400
2
14000
2100500
2114500
2.5
28300
1803600
1831900
3
45850
1506700
1552550
3.5
64700
1210050
1274750
4
83650
914100
997750
4.5
104300
618450
722750
5
125100
324200
449300
5.5
147850
33050
180900
6
177800
2050
179850
6.5
257400
1000
258400
7
362700
550
363250
7.5
475400
100
475500
8
589250
0
589250
8.5
703300
0
703300
9
817450
0
817450
9.5
931750
0
931750
10
1046050
0
1046050
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.