This page reflects QS 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 — QS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $7.50 (0.43 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$0.68
±9.6%
Days to Expiry
8
Calendar days
Total Call OI
15,630
Nearest expiry
Total Put OI
6,407
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$7.07
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
$7.50
6/26/2026, 11:25:00 PM
2026-07-02
$7.50
7/2/2026, 11:27:36 PM
2026-07-10NextUpdated
$7.50
7/3/2026, 11:23:31 PM
2026-07-17
$8.00
7/3/2026, 11:23:31 PM
2026-07-24
$7.50
7/3/2026, 11:23:31 PM
2026-07-31
$8.00
7/3/2026, 11:23:31 PM
2026-08-07
$7.00
7/3/2026, 11:23:31 PM
2026-08-21
$7.00
7/3/2026, 11:23:31 PM
2026-11-20
$5.00
7/3/2026, 11:23:31 PM
2027-01-15
$7.00
7/3/2026, 11:23:31 PM
2027-02-19
$7.00
7/3/2026, 11:23:31 PM
Selected expiration: 2026-07-10 at max pain $7.50.
QS pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2831950
2831950
3
100
2511600
2511700
4
3400
1870900
1874300
4.5
6900
1550550
1557450
5
10500
1230300
1240800
5.5
15050
931100
946150
6
22100
633700
655800
6.5
34150
395900
430050
7
52800
208550
261350
7.5
99400
77900
177300
8
190300
37650
227950
8.5
536050
23500
559550
9
1018450
11900
1030350
9.5
1568200
5900
1574100
10
2210200
1550
2211750
10.5
2917750
550
2918300
11
3639950
0
3639950
11.5
4368000
0
4368000
12
5120950
0
5120950
12.5
5893450
0
5893450
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.