Nearest listed expiration 2026-07-06 shows max pain at $53.50 (1.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$53.50
Nearest expiry
Expected Move
±$1.52
±2.8%
Days to Expiry
4
Calendar days
Total Call OI
15,833
Nearest expiry
Total Put OI
11,032
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$55.02
Published close
Consensus
6.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-06
Expiration
Max Pain Strike
Last Updated
2026-07-01
$53.00
7/1/2026, 11:32:15 PM
2026-07-02
$54.00
7/2/2026, 11:30:19 PM
2026-07-06NextUpdated
$53.50
7/3/2026, 11:28:33 PM
2026-07-08
$52.00
7/3/2026, 11:28:33 PM
2026-07-10
$55.00
7/3/2026, 11:28:33 PM
2026-07-17
$64.00
7/3/2026, 11:28:33 PM
2026-07-24
$56.50
7/3/2026, 11:28:33 PM
2026-07-31
$55.00
7/3/2026, 11:28:33 PM
2026-08-07
$50.50
7/3/2026, 11:28:33 PM
2026-08-21
$65.00
7/3/2026, 11:28:33 PM
2026-09-18
$64.00
7/3/2026, 11:28:33 PM
2026-09-30
$65.00
7/3/2026, 11:28:33 PM
2026-10-16
$60.00
7/3/2026, 11:28:33 PM
2026-11-20
$65.00
7/3/2026, 11:28:33 PM
2026-12-18
$61.00
7/3/2026, 11:28:33 PM
2026-12-31
$70.00
7/3/2026, 11:28:33 PM
2027-01-15
$60.00
7/3/2026, 11:28:33 PM
2027-03-19
$67.00
7/3/2026, 11:28:33 PM
2027-03-31
$62.00
7/3/2026, 11:28:33 PM
2027-06-17
$60.00
7/3/2026, 11:28:33 PM
Selected expiration: 2026-07-06 at max pain $53.50.
SLV pain by strike for 2026-07-06 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
15597400
15597400
36
0
14494500
14494500
38
0
12288900
12288900
39
1000
11186600
11187600
40
3000
10084300
10087300
40.5
4850
9543950
9548800
41
7200
9003700
9010900
41.5
10450
8463550
8474000
42
14850
7948650
7963500
42.5
19950
7434200
7454150
43
25050
6922050
6947100
43.5
30900
6414550
6445450
44
36750
5923800
5960550
44.5
43500
5446250
5489750
45
51050
5019350
5070400
45.5
59750
4605950
4665700
46
69500
4252750
4322250
46.5
80100
3901200
3981300
47
91700
3558450
3650150
47.5
104000
3225300
3329300
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.