This page reflects SGI 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 — SGI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $75.00 (3.43 below 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
±$5.08
±6.5%
Days to Expiry
15
Calendar days
Total Call OI
19,868
Nearest expiry
Total Put OI
2,497
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$78.43
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
$70.00
5/15/2026, 11:34:58 PM
2026-06-18
$70.00
6/18/2026, 11:34:49 PM
2026-07-17NextUpdated
$75.00
7/3/2026, 11:25:22 PM
2026-08-21
$70.00
7/3/2026, 11:25:22 PM
2026-09-18
$60.00
7/3/2026, 11:25:22 PM
2026-11-20
$65.00
7/3/2026, 11:25:22 PM
2026-12-18
$65.00
7/3/2026, 11:25:22 PM
2027-01-15
$65.00
7/3/2026, 11:25:22 PM
2027-02-19
$65.00
7/3/2026, 11:25:22 PM
Selected expiration: 2026-07-17 at max pain $75.00.
SGI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
4847500
4847500
55
0
3604000
3604000
60
0
2368500
2368500
65
1500
1172500
1174000
70
8500
734000
742500
75
35000
366500
401500
80
4796000
100000
4896000
85
10064000
0
10064000
90
15357000
0
15357000
100
35204000
0
35204000
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.