This page reflects SA 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 — SA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $27.00 (0.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$3.35
±12.1%
Days to Expiry
15
Calendar days
Total Call OI
10,539
Nearest expiry
Total Put OI
1,601
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$27.62
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
$28.00
5/15/2026, 11:34:48 PM
2026-06-18
$31.00
6/18/2026, 11:30:33 PM
2026-07-17NextUpdated
$27.00
7/3/2026, 11:28:03 PM
2026-08-21
$29.00
7/3/2026, 11:28:03 PM
2026-11-20
$25.00
7/3/2026, 11:28:03 PM
2027-01-15
$13.00
7/3/2026, 11:28:03 PM
2027-02-19
$24.00
7/3/2026, 11:28:03 PM
Selected expiration: 2026-07-17 at max pain $27.00.
SA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
1879900
1879900
18
9000
1399600
1408600
20
27000
1079400
1106400
22
45000
759400
804400
23
54000
603400
657400
24
63000
467900
530900
25
72700
348900
421600
26
88300
288500
376800
27
131500
232600
364100
28
196800
183600
380400
29
453700
140500
594200
30
730500
102000
832500
31
1252300
67600
1319900
32
1780100
39600
1819700
33
2322800
23500
2346300
34
2954300
10000
2964300
35
3598500
3700
3602200
36
4286500
600
4287100
37
4983900
0
4983900
38
5683900
0
5683900
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.