This page reflects SMR 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 — SMR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $11.00 (1.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$1.07
±11.0%
Days to Expiry
8
Calendar days
Total Call OI
16,648
Nearest expiry
Total Put OI
12,559
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$9.76
Published close
Consensus
-
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
$11.00
6/26/2026, 11:30:46 PM
2026-07-02
$10.00
7/2/2026, 11:30:59 PM
2026-07-10NextUpdated
$11.00
7/3/2026, 11:22:49 PM
2026-07-17
$11.00
7/3/2026, 11:22:49 PM
2026-07-24
$11.00
7/3/2026, 11:22:49 PM
2026-07-31
$10.50
7/3/2026, 11:22:49 PM
2026-08-07
$10.00
7/3/2026, 11:22:49 PM
2026-08-21
$12.00
7/3/2026, 11:22:49 PM
2026-11-20
$11.00
7/3/2026, 11:22:49 PM
2027-01-15
$12.00
7/3/2026, 11:22:49 PM
2027-02-19
$10.00
7/3/2026, 11:22:49 PM
Selected expiration: 2026-07-10 at max pain $11.00.
SMR pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
8926300
8926300
4
300
7670400
7670700
5
1100
6414500
6415600
5.5
1600
5786550
5788150
6
2150
5158600
5160750
7
3450
3902700
3906150
7.5
5900
3278400
3284300
8
8650
2660600
2669250
8.5
14000
2081800
2095800
9
21450
1571300
1592750
9.5
60850
1139450
1200300
10
104800
762350
867150
10.5
192300
463150
655450
11
378950
223600
602550
11.5
689600
91950
781550
12
1090800
47200
1138000
12.5
1617750
32950
1650700
13
2205100
22300
2227400
13.5
2832050
14900
2846950
14
3468200
9250
3477450
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.