This page reflects SF 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 — SF
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $75.00 (1.83 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$4.42
±6.0%
Days to Expiry
15
Calendar days
Total Call OI
1,156
Nearest expiry
Total Put OI
618
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$73.17
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
$65.00
5/15/2026, 11:34:43 PM
2026-06-18
$70.00
6/18/2026, 11:31:06 PM
2026-07-17NextUpdated
$75.00
7/3/2026, 11:25:54 PM
2026-08-21
$70.00
7/3/2026, 11:25:54 PM
2026-09-18
$70.00
7/3/2026, 11:25:54 PM
2026-10-16
$75.00
7/3/2026, 11:25:54 PM
2026-11-20
$55.00
7/3/2026, 11:25:54 PM
2027-01-15
$40.00
7/3/2026, 11:25:54 PM
Selected expiration: 2026-07-17 at max pain $75.00.
SF pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
2000000
2000000
60
0
1076000
1076000
65
0
783500
783500
70
4500
526500
531000
75
12500
317000
329500
80
39000
291000
330000
85
303000
265500
568500
90
610500
242500
853000
95
936500
220500
1157000
100
1263000
198500
1461500
105
1591500
176500
1768000
110
1932500
156500
2089000
115
2280000
137500
2417500
120
2709500
119500
2829000
125
3158000
102000
3260000
130
3625500
87000
3712500
135
4106000
72500
4178500
140
4612000
58000
4670000
145
5150000
43500
5193500
150
5702000
29000
5731000
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.