What is SHOP max pain this week?

SHOP max pain for the nearest expiration (2026-07-10) is $117.00. Total call open interest: 11,772. Total put open interest: 11,782.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options SHOPMax Pain

SHOP

Shopify Inc.Close $119.46EOD only

Max Pain

$117.00

Next expiry Jul 10, 2026

Expected Move

±$7.60

6.4% from close

Price Gap

-2.46

Distance to max pain

IV Rank

Low premium

P/C OI

0.44

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Jul 2, 2026 close

End-of-day snapshot

This page reflects SHOP 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 — SHOP

Data as of market close Jul 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-07-10 shows max pain at $117.00 (2.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$117.00

Nearest expiry

Expected Move

±$7.60

±6.4%

Days to Expiry

Calendar days

Total Call OI

11,772

Nearest expiry

Total Put OI

11,782

Nearest expiry

P/C OI Ratio

1.00

Put-heavy

Spot Price

$119.46

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	$110.00	6/26/2026, 11:31:16 PM
2026-07-02	$115.00	7/2/2026, 11:29:27 PM
2026-07-10NextUpdated	$117.00	7/3/2026, 11:29:16 PM
2026-07-17	$110.00	7/3/2026, 11:29:16 PM
2026-07-24	$115.00	7/3/2026, 11:29:16 PM
2026-07-31	$116.00	7/3/2026, 11:29:16 PM
2026-08-07	$117.00	7/3/2026, 11:29:16 PM
2026-08-21	$120.00	7/3/2026, 11:29:16 PM
2026-09-18	$100.00	7/3/2026, 11:29:16 PM
2026-10-16	$115.00	7/3/2026, 11:29:16 PM
2026-11-20	$110.00	7/3/2026, 11:29:16 PM
2026-12-18	$125.00	7/3/2026, 11:29:16 PM
2027-01-15	$125.00	7/3/2026, 11:29:16 PM
2027-03-19	$120.00	7/3/2026, 11:29:16 PM
2027-06-17	$135.00	7/3/2026, 11:29:16 PM

Selected expiration: 2026-07-10 at max pain $117.00.

SHOP pain by strike for 2026-07-10 expiration
Strike	Call Pain	Put Pain	Total Pain
65	0	51826300	51826300
70	0	45935300	45935300
75	0	40044800	40044800
80	6000	34154300	34160300
85	16500	28330800	28347300
89	46900	23675600	23722500
90	54500	22511900	22566400
91	63300	21379900	21443200
93	81500	19115900	19197400
94	90600	17989800	18080400
95	99700	16872200	16971900
96	108800	15758900	15867700
97	117900	14695600	14813500
98	127000	13642200	13769200
99	136100	12594500	12730600
100	147200	11550000	11697200
101	183300	10532600	10715900
102	221900	9520500	9742400
103	267000	8511400	8778400
104	319100	7508700	7827800

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.