This page reflects R 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 — R
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $250.00 (10.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$250.00
Nearest expiry
Expected Move
±$14.30
±5.5%
Days to Expiry
15
Calendar days
Total Call OI
172
Nearest expiry
Total Put OI
420
Nearest expiry
P/C OI Ratio
2.44
Put-heavy
Spot Price
$260.72
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
$220.00
5/15/2026, 11:33:23 PM
2026-06-18
$250.00
6/18/2026, 11:30:34 PM
2026-07-17NextUpdated
$250.00
7/3/2026, 11:25:39 PM
2026-08-21
$230.00
7/3/2026, 11:25:39 PM
2026-11-20
$220.00
7/3/2026, 11:25:39 PM
Selected expiration: 2026-07-17 at max pain $250.00.
R pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
1461000
1461000
165
0
831000
831000
170
0
621000
621000
175
0
572000
572000
180
0
524000
524000
185
0
476500
476500
190
0
430000
430000
195
500
385500
386000
200
1000
343000
344000
210
5000
262000
267000
220
10000
184000
194000
230
17000
113000
130000
240
27000
56000
83000
250
42000
19000
61000
260
108000
7000
115000
270
194000
1000
195000
280
290000
0
290000
290
397000
0
397000
300
515000
0
515000
310
662000
0
662000
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.