This page reflects SATL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 6, 2026 close
Max Pain — SATL
Data as of market close Jul 6, 2026
Nearest listed expiration 2026-07-17 shows max pain at $6.00 (0.82 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.82
±15.9%
Days to Expiry
11
Calendar days
Total Call OI
20,955
Nearest expiry
Total Put OI
4,445
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$5.18
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
$2.00
5/15/2026, 11:34:48 PM
2026-06-18
$7.00
6/18/2026, 11:30:27 PM
2026-07-17NextUpdated
$6.00
7/6/2026, 11:31:01 PM
2026-08-21
$2.50
7/6/2026, 11:31:01 PM
2026-11-20
$6.00
7/6/2026, 11:31:01 PM
2027-01-15
$6.00
7/6/2026, 11:31:01 PM
2027-02-19
$1.00
7/6/2026, 11:31:01 PM
Selected expiration: 2026-07-17 at max pain $6.00.
SATL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1872700
1872700
2
1100
1428200
1429300
3
2500
983700
986200
4
4100
539200
543300
5
10100
241200
251300
6
34300
116400
150700
7
788000
40000
828000
8
1708300
14800
1723100
9
2839000
5600
2844600
10
4095600
1600
4097200
11
5496300
800
5497100
12
7014300
400
7014700
13
8571200
300
8571500
14
10150400
200
10150600
15
11752400
100
11752500
16
13838200
0
13838200
20
22198600
0
22198600
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.