This page reflects ROL 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 — ROL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $45.00 (1.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$2.30
±5.3%
Days to Expiry
15
Calendar days
Total Call OI
11,223
Nearest expiry
Total Put OI
894
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$43.38
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
$55.00
5/15/2026, 11:34:51 PM
2026-06-18
$45.00
6/18/2026, 11:34:41 PM
2026-07-17NextUpdated
$45.00
7/3/2026, 11:25:57 PM
2026-08-21
$45.00
7/3/2026, 11:25:57 PM
2026-11-20
$45.00
7/3/2026, 11:25:57 PM
2027-02-19
$30.00
7/3/2026, 11:25:57 PM
Selected expiration: 2026-07-17 at max pain $45.00.
ROL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
772500
772500
37.5
0
549000
549000
40
0
331500
331500
42.5
0
124750
124750
45
5000
24750
29750
47.5
2064000
2000
2066000
50
4232250
250
4232500
52.5
6447000
0
6447000
55
8668500
0
8668500
57.5
11415500
0
11415500
60
14163500
0
14163500
62.5
16955750
0
16955750
65
19760750
0
19760750
75
30982750
0
30982750
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.