thetaOwl

SCHW

Charles Schwab Corporation (TheClose $97.00EOD only
Max Pain
$90.00
Next expiry Jul 10, 2026
Expected Move
±$1.32
1.4% from close
Price Gap
-7.00
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.97
Balanced positioning
Consensus
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects SCHW 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 — SCHW
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-10 shows max pain at $90.00 (7.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$1.32
±1.4%
Days to Expiry
8
Calendar days
Total Call OI
6,467
Nearest expiry
Total Put OI
5,567
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$97.00
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-10
ExpirationMax Pain StrikeLast Updated
2026-06-26$90.006/26/2026, 11:30:56 PM
2026-07-02$91.007/2/2026, 11:30:32 PM
2026-07-10NextUpdated$90.007/3/2026, 11:28:37 PM
2026-07-17$92.507/3/2026, 11:28:37 PM
2026-07-24$91.007/3/2026, 11:28:37 PM
2026-07-31$90.007/3/2026, 11:28:37 PM
2026-08-07$83.007/3/2026, 11:28:37 PM
2026-08-21$92.507/3/2026, 11:28:37 PM
2026-09-18$95.007/3/2026, 11:28:37 PM
2026-10-16$92.507/3/2026, 11:28:37 PM
2026-12-18$95.007/3/2026, 11:28:37 PM
2027-01-15$85.007/3/2026, 11:28:37 PM
2027-03-19$92.507/3/2026, 11:28:37 PM
2027-06-17$85.007/3/2026, 11:28:37 PM
Selected expiration: 2026-07-10 at max pain $90.00.
SCHW pain by strike for 2026-07-10 expiration
StrikeCall PainPut PainTotal Pain
65088932008893200
70061152006115200
74039792003979200
75035072003507200
77028804002880400
79022624002262400
80019573001957300
81016942001694200
82014380001438000
8310011846001184700
84400940300940700
851100710200711300
864700539200543900
878500400900409400
8815700281400297100
8938900175200214100
9084800107200192000
9116490057400222300
9230200018900320900
934801009100489200
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.