This page reflects SNDX 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 — SNDX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $19.00 (2.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$0.77
±3.5%
Days to Expiry
15
Calendar days
Total Call OI
3,960
Nearest expiry
Total Put OI
215
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$21.82
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
$21.00
5/15/2026, 11:36:45 PM
2026-06-18
$20.00
6/18/2026, 11:28:46 PM
2026-07-17NextUpdated
$19.00
7/3/2026, 11:28:24 PM
2026-08-21
$20.00
7/3/2026, 11:28:24 PM
2026-09-18
$22.00
7/3/2026, 11:28:24 PM
2026-10-16
$25.00
7/3/2026, 11:28:24 PM
2027-01-15
$15.00
7/3/2026, 11:28:24 PM
Selected expiration: 2026-07-17 at max pain $19.00.
SNDX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
225500
225500
10
100
204000
204100
12
300
161000
161300
14
1100
118000
119100
15
1500
96500
98000
16
4700
76000
80700
17
7900
57500
65400
18
12600
40000
52600
19
27200
24500
51700
20
107600
14000
121600
21
202900
11500
214400
22
494600
9500
504100
23
794900
7500
802400
24
1106800
5500
1112300
25
1439500
3900
1443400
26
1807500
3300
1810800
27
2183300
2700
2186000
28
2559100
2200
2561300
29
2943100
1800
2944900
30
3327300
1400
3328700
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.