This page reflects SLG 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 — SLG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (3.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$3.92
±7.3%
Days to Expiry
15
Calendar days
Total Call OI
2,000
Nearest expiry
Total Put OI
5,496
Nearest expiry
P/C OI Ratio
2.75
Put-heavy
Spot Price
$53.42
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
$42.50
5/15/2026, 11:36:46 PM
2026-06-18
$45.00
6/18/2026, 11:31:57 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:25:24 PM
2026-08-21
$47.50
7/3/2026, 11:25:24 PM
2026-09-18
$42.50
7/3/2026, 11:25:24 PM
2026-11-20
$40.00
7/3/2026, 11:25:24 PM
2026-12-18
$65.00
7/3/2026, 11:25:24 PM
2027-01-15
$50.00
7/3/2026, 11:25:24 PM
2027-02-19
$57.50
7/3/2026, 11:25:24 PM
Selected expiration: 2026-07-17 at max pain $50.00.
SLG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
13699250
13699250
22.5
0
12325750
12325750
25
0
10953500
10953500
27.5
0
9581500
9581500
30
0
8209750
8209750
32.5
0
6842500
6842500
35
0
5491250
5491250
37.5
0
4144750
4144750
40
0
2803500
2803500
42.5
6250
1559750
1566000
45
12500
377750
390250
47.5
19000
171500
190500
50
46500
7750
54250
52.5
139250
1000
140250
55
244250
0
244250
57.5
396250
0
396250
60
678000
0
678000
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.