This page reflects SHAK 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 — SHAK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $58.00 (1.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$58.00
Nearest expiry
Expected Move
±$3.33
±5.9%
Days to Expiry
8
Calendar days
Total Call OI
585
Nearest expiry
Total Put OI
851
Nearest expiry
P/C OI Ratio
1.45
Put-heavy
Spot Price
$56.47
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$59.00
6/26/2026, 11:28:00 PM
2026-07-02
$54.00
7/2/2026, 11:30:52 PM
2026-07-10NextUpdated
$58.00
7/3/2026, 11:30:50 PM
2026-07-17
$60.00
7/3/2026, 11:30:50 PM
2026-07-24
$57.00
7/3/2026, 11:30:50 PM
2026-07-31
$60.00
7/3/2026, 11:30:50 PM
2026-08-07
$57.00
7/3/2026, 11:30:50 PM
2026-08-21
$70.00
7/3/2026, 11:30:50 PM
2026-09-18
$75.00
7/3/2026, 11:30:50 PM
2026-11-20
$65.00
7/3/2026, 11:30:50 PM
2026-12-18
$65.00
7/3/2026, 11:30:50 PM
2027-01-15
$80.00
7/3/2026, 11:30:50 PM
2027-06-17
$80.00
7/3/2026, 11:30:50 PM
Selected expiration: 2026-07-10 at max pain $58.00.
SHAK pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1289100
1289100
44
0
953900
953900
45
0
870300
870300
47
0
704300
704300
48
0
621500
621500
49
0
539000
539000
50
0
460600
460600
51
800
387200
388000
52
1600
314900
316500
53
2400
245700
248100
54
4000
177500
181500
55
7000
112500
119500
56
14400
82000
96400
57
22800
52800
75600
58
39800
29500
69300
59
57500
14200
71700
60
79600
7900
87500
61
113000
5300
118300
62
147400
3000
150400
63
186200
1600
187800
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.