This page reflects SION 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 — SION
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $40.00 (3.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.33
±7.6%
Days to Expiry
15
Calendar days
Total Call OI
259
Nearest expiry
Total Put OI
397
Nearest expiry
P/C OI Ratio
1.53
Put-heavy
Spot Price
$43.99
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
$45.00
5/15/2026, 11:33:28 PM
2026-06-18
$40.00
6/18/2026, 11:28:53 PM
2026-07-17NextUpdated
$40.00
7/3/2026, 11:25:11 PM
2026-08-21
$40.00
7/3/2026, 11:25:11 PM
2026-09-18
$45.00
7/3/2026, 11:25:11 PM
2026-10-16
$40.00
7/3/2026, 11:25:11 PM
Selected expiration: 2026-07-17 at max pain $40.00.
SION pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
418250
418250
22.5
0
319000
319000
25
0
220500
220500
30
500
26000
26500
35
2500
8500
11000
40
6000
4000
10000
45
14500
2500
17000
50
30500
1000
31500
55
54500
0
54500
60
78500
0
78500
65
207500
0
207500
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.