This page reflects SITM 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 — SITM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $710.00 (108.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$710.00
Nearest expiry
Expected Move
±$89.15
±14.8%
Days to Expiry
15
Calendar days
Total Call OI
1,089
Nearest expiry
Total Put OI
2,554
Nearest expiry
P/C OI Ratio
2.35
Put-heavy
Spot Price
$601.66
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
$520.00
5/15/2026, 11:37:05 PM
2026-06-18
$720.00
6/18/2026, 11:31:23 PM
2026-07-17NextUpdated
$710.00
7/3/2026, 11:29:29 PM
2026-08-21
$560.00
7/3/2026, 11:29:29 PM
2026-11-20
$530.00
7/3/2026, 11:29:29 PM
2026-12-18
$720.00
7/3/2026, 11:29:29 PM
2027-02-19
$630.00
7/3/2026, 11:29:29 PM
Selected expiration: 2026-07-17 at max pain $710.00.
SITM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
390
0
59061000
59061000
400
0
56511000
56511000
420
6000
51413000
51419000
430
9000
48867000
48876000
440
12000
46324000
46336000
450
15000
43789000
43804000
460
19000
41266000
41285000
470
24000
38743000
38767000
480
29000
36225000
36254000
490
36000
33732000
33768000
500
43000
31244000
31287000
510
56000
28822000
28878000
520
69000
26403000
26472000
530
89000
23989000
24078000
540
115000
21580000
21695000
550
141000
19176000
19317000
560
167000
16785000
16952000
570
194000
14407000
14601000
580
221000
12100000
12321000
590
248000
10809000
11057000
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.