This page reflects S 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 — S
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $16.50 (1.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.50
Nearest expiry
Expected Move
±$1.00
±5.7%
Days to Expiry
8
Calendar days
Total Call OI
5,687
Nearest expiry
Total Put OI
784
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$17.51
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
$15.00
6/26/2026, 11:26:13 PM
2026-07-02
$15.50
7/2/2026, 11:28:45 PM
2026-07-10NextUpdated
$16.50
7/3/2026, 11:29:48 PM
2026-07-17
$15.00
7/3/2026, 11:29:48 PM
2026-07-24
$14.00
7/3/2026, 11:29:48 PM
2026-07-31
$15.50
7/3/2026, 11:29:48 PM
2026-08-07
$15.50
7/3/2026, 11:29:48 PM
2026-08-21
$15.00
7/3/2026, 11:29:48 PM
2026-09-18
$15.00
7/3/2026, 11:29:48 PM
2026-12-18
$16.00
7/3/2026, 11:29:48 PM
2027-01-15
$14.00
7/3/2026, 11:29:48 PM
Selected expiration: 2026-07-10 at max pain $16.50.
S pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
860800
860800
7
200
704000
704200
8
600
625600
626200
9
1200
547200
548400
10
2800
468800
471600
11
4600
390400
395000
12
6500
312000
318500
12.5
7450
273000
280450
13
8450
234100
242550
13.5
12500
195750
208250
14
17150
158800
175950
14.5
22150
124600
146750
15
27300
92250
119550
15.5
35450
64750
100200
16
45100
38400
83500
16.5
62500
12550
75050
17
88100
5800
93900
17.5
134800
550
135350
18
205300
300
205600
18.5
324750
200
324950
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.