This page reflects RBC 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 — RBC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $600.00 (4.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$600.00
Nearest expiry
Expected Move
±$29.75
±4.9%
Days to Expiry
15
Calendar days
Total Call OI
36
Nearest expiry
Total Put OI
129
Nearest expiry
P/C OI Ratio
3.58
Put-heavy
Spot Price
$604.56
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
$600.00
5/15/2026, 11:35:45 PM
2026-06-18
$580.00
6/18/2026, 11:25:26 PM
2026-07-17NextUpdated
$600.00
7/3/2026, 11:26:47 PM
2026-08-21
$560.00
7/3/2026, 11:26:47 PM
2026-10-16
$430.00
7/3/2026, 11:26:47 PM
2026-11-20
$480.00
7/3/2026, 11:26:47 PM
2027-01-15
$380.00
7/3/2026, 11:26:47 PM
Selected expiration: 2026-07-17 at max pain $600.00.
RBC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
270
0
1849000
1849000
310
4000
1333000
1337000
340
7000
946000
953000
350
8000
822000
830000
360
9000
714000
723000
370
10000
606000
616000
380
11000
530000
541000
390
12000
465000
477000
400
13000
414000
427000
410
14000
375000
389000
420
15000
337000
352000
430
17000
309000
326000
450
21000
265000
286000
460
23000
245000
268000
500
35000
165000
200000
510
38000
146000
184000
530
44000
110000
154000
540
47000
94000
141000
550
50000
80000
130000
560
55000
66000
121000
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.