This page reflects PWR 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 — PWR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $700.00 (31.69 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$700.00
Nearest expiry
Expected Move
±$56.25
±8.4%
Days to Expiry
15
Calendar days
Total Call OI
4,363
Nearest expiry
Total Put OI
9,653
Nearest expiry
P/C OI Ratio
2.21
Put-heavy
Spot Price
$668.31
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
$660.00
5/15/2026, 11:32:58 PM
2026-06-18
$680.00
6/18/2026, 11:28:44 PM
2026-07-17NextUpdated
$700.00
7/3/2026, 11:27:36 PM
2026-08-21
$680.00
7/3/2026, 11:27:36 PM
2026-09-18
$640.00
7/3/2026, 11:27:36 PM
2026-11-20
$680.00
7/3/2026, 11:27:36 PM
2026-12-18
$450.00
7/3/2026, 11:27:36 PM
2027-01-15
$580.00
7/3/2026, 11:27:36 PM
2027-02-19
$580.00
7/3/2026, 11:27:36 PM
2027-03-19
$640.00
7/3/2026, 11:27:36 PM
2027-06-17
$740.00
7/3/2026, 11:27:36 PM
Selected expiration: 2026-07-17 at max pain $700.00.
PWR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
290
0
322539000
322539000
340
5000
274274000
274279000
360
9000
254968000
254977000
370
12000
245315000
245327000
380
16000
235664000
235680000
390
20000
226015000
226035000
400
25000
216368000
216393000
410
54000
206721000
206775000
420
83000
197075000
197158000
450
179000
168137000
168316000
460
212000
158502000
158714000
470
245000
148878000
149123000
480
278000
139255000
139533000
490
314000
129634000
129948000
500
350000
120019000
120369000
510
387000
110438000
110825000
520
425000
100869000
101294000
530
464000
91316000
91780000
540
505000
81786000
82291000
550
550000
72472000
73022000
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.