This page reflects REPL 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 — REPL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $10.00 (1.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.65
±5.6%
Days to Expiry
8
Calendar days
Total Call OI
279
Nearest expiry
Total Put OI
396
Nearest expiry
P/C OI Ratio
1.42
Put-heavy
Spot Price
$11.58
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
$10.00
6/26/2026, 11:26:10 PM
2026-07-02
$10.00
7/2/2026, 11:28:13 PM
2026-07-10NextUpdated
$10.00
7/3/2026, 11:24:27 PM
2026-07-17
$11.00
7/3/2026, 11:24:27 PM
2026-07-24
$8.00
7/3/2026, 11:24:27 PM
2026-07-31
$9.00
7/3/2026, 11:24:27 PM
2026-08-07
$8.00
7/3/2026, 11:24:27 PM
2026-08-21
$9.00
7/3/2026, 11:24:27 PM
2026-11-20
$4.00
7/3/2026, 11:24:27 PM
2027-01-15
$2.00
7/3/2026, 11:24:27 PM
2027-02-19
$4.00
7/3/2026, 11:24:27 PM
Selected expiration: 2026-07-10 at max pain $10.00.
REPL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
324800
324800
3
200
245600
245800
4
300
206200
206500
5
400
167100
167500
5.5
450
148050
148500
7
1050
90900
91950
8
1550
53800
55350
9
3050
19100
22150
10
5650
0
5650
11
10750
0
10750
11.5
15000
0
15000
12
20300
0
20300
12.5
28250
0
28250
13
36400
0
36400
13.5
50150
0
50150
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.