This page reflects ROP 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 — ROP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $330.00 (34.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$330.00
Nearest expiry
Expected Move
±$12.00
±3.3%
Days to Expiry
15
Calendar days
Total Call OI
1,031
Nearest expiry
Total Put OI
200
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$364.20
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
$330.00
5/15/2026, 11:33:05 PM
2026-06-18
$320.00
6/18/2026, 11:30:10 PM
2026-07-17NextUpdated
$330.00
7/3/2026, 11:27:11 PM
2026-08-21
$390.00
7/3/2026, 11:27:11 PM
2026-11-20
$350.00
7/3/2026, 11:27:11 PM
Selected expiration: 2026-07-17 at max pain $330.00.
ROP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
260
0
1000000
1000000
270
0
802000
802000
280
0
614000
614000
290
0
443000
443000
300
0
303000
303000
310
0
188000
188000
320
0
111000
111000
330
5000
62000
67000
340
765000
19000
784000
350
1552000
0
1552000
360
2377000
0
2377000
370
3270000
0
3270000
380
4223000
0
4223000
390
5204000
0
5204000
400
6217000
0
6217000
410
7241000
0
7241000
420
8269000
0
8269000
430
9299000
0
9299000
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.