This page reflects SEZL 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 — SEZL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (103.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$9.90
±5.4%
Days to Expiry
15
Calendar days
Total Call OI
13,287
Nearest expiry
Total Put OI
11,647
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$183.24
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
$80.00
5/15/2026, 11:35:32 PM
2026-06-18
$105.00
6/18/2026, 11:31:34 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:31:12 PM
2026-08-21
$100.00
7/3/2026, 11:31:12 PM
2026-09-18
$140.00
7/3/2026, 11:31:12 PM
2026-10-16
$80.00
7/3/2026, 11:31:12 PM
2026-11-20
$105.00
7/3/2026, 11:31:12 PM
2026-12-18
$90.00
7/3/2026, 11:31:12 PM
2027-01-15
$70.00
7/3/2026, 11:31:12 PM
2027-02-19
$75.00
7/3/2026, 11:31:12 PM
2027-03-19
$65.00
7/3/2026, 11:31:12 PM
2027-04-16
$140.00
7/3/2026, 11:31:12 PM
2027-05-21
$100.00
7/3/2026, 11:31:12 PM
Selected expiration: 2026-07-17 at max pain $80.00.
SEZL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
59733500
59733500
30
0
53910000
53910000
35
0
48086500
48086500
40
0
42305500
42305500
45
1500
36542000
36543500
50
4000
30792500
30796500
55
12000
26548500
26560500
60
26500
22339000
22365500
65
42000
18146500
18188500
70
187000
13986500
14173500
75
345500
9837500
10183000
80
1145000
8987500
10132500
85
1978500
8155000
10133500
90
2902500
7338000
10240500
95
3872500
6528500
10401000
100
4928500
5739500
10668000
105
6061000
4967000
11028000
110
7286000
4202000
11488000
115
8692500
3638500
12331000
120
10160500
3083000
13243500
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.