This page reflects ROOT 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 — ROOT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $55.00 (6.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$6.90
±11.2%
Days to Expiry
15
Calendar days
Total Call OI
1,295
Nearest expiry
Total Put OI
1,982
Nearest expiry
P/C OI Ratio
1.53
Put-heavy
Spot Price
$61.73
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
$50.00
5/15/2026, 11:32:48 PM
2026-06-18
$55.00
6/18/2026, 11:29:49 PM
2026-07-17NextUpdated
$55.00
7/3/2026, 11:23:54 PM
2026-08-21
$55.00
7/3/2026, 11:23:54 PM
2026-09-18
$60.00
7/3/2026, 11:23:54 PM
2026-12-18
$70.00
7/3/2026, 11:23:54 PM
2027-01-15
$50.00
7/3/2026, 11:23:54 PM
Selected expiration: 2026-07-17 at max pain $55.00.
ROOT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
3772500
3772500
35
0
2804500
2804500
40
15000
1838000
1853000
45
40000
1037500
1077500
50
102500
307000
409500
55
190000
75000
265000
60
393500
13000
406500
65
771500
2500
774000
70
1311000
0
1311000
75
1911000
0
1911000
80
2534500
0
2534500
85
3176500
0
3176500
90
3821000
0
3821000
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.