Nearest listed expiration 2026-07-10 shows max pain at $28.50 (1.28 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.50
Nearest expiry
Expected Move
±$2.68
±9.8%
Days to Expiry
8
Calendar days
Total Call OI
117,056
Nearest expiry
Total Put OI
43,351
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$27.22
Published close
Consensus
5.5/10
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
$31.00
6/26/2026, 11:28:44 PM
2026-07-02
$29.00
7/2/2026, 11:30:02 PM
2026-07-10NextUpdated
$28.50
7/3/2026, 11:32:32 PM
2026-07-17
$35.00
7/3/2026, 11:32:32 PM
2026-07-24
$31.00
7/3/2026, 11:32:32 PM
2026-07-31
$29.50
7/3/2026, 11:32:32 PM
2026-08-07
$29.00
7/3/2026, 11:32:32 PM
2026-08-21
$31.00
7/3/2026, 11:32:32 PM
2026-09-18
$34.00
7/3/2026, 11:32:32 PM
2026-11-20
$32.00
7/3/2026, 11:32:32 PM
2026-12-18
$40.00
7/3/2026, 11:32:32 PM
2027-01-15
$35.00
7/3/2026, 11:32:32 PM
2027-02-19
$30.00
7/3/2026, 11:32:32 PM
2027-03-19
$30.00
7/3/2026, 11:32:32 PM
2027-06-17
$30.00
7/3/2026, 11:32:32 PM
Selected expiration: 2026-07-10 at max pain $28.50.
SMCI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
86612550
86612550
10
1500
65091550
65093050
15
3500
43570550
43574050
19
6300
26353750
26360050
20
7200
22057250
22064450
21
20300
18189350
18209650
22
33900
15249150
15283050
23
60500
12508650
12569150
23.5
83650
11188700
11272350
24
106800
9904150
10010950
24.5
131700
8714950
8846650
25
157350
7532900
7690250
25.5
193600
6636850
6830450
26
234200
5807450
6041650
26.5
281600
5027600
5309200
27
332400
4265900
4598300
27.5
391250
3663000
4054250
28
457200
3087150
3544350
28.5
622200
2630400
3252600
29
1307800
2219600
3527400
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.