This page reflects SNEX 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 — SNEX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $110.00 (10.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$8.40
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
1,226
Nearest expiry
Total Put OI
674
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$120.55
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
$105.00
5/15/2026, 11:36:53 PM
2026-06-18
$125.00
6/18/2026, 11:31:43 PM
2026-07-17NextUpdated
$110.00
7/3/2026, 11:26:07 PM
2026-08-21
$120.00
7/3/2026, 11:26:07 PM
2026-10-16
$120.00
7/3/2026, 11:26:07 PM
2026-12-18
$130.00
7/3/2026, 11:26:07 PM
2027-01-15
$95.00
7/3/2026, 11:26:07 PM
Selected expiration: 2026-07-17 at max pain $110.00.
SNEX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
5089000
5089000
45
0
4752000
4752000
50
2500
4415500
4418000
55
5000
4080000
4085000
60
7500
3746500
3754000
75
15000
2746000
2761000
80
17500
2412500
2430000
85
37000
2129500
2166500
90
57500
1846500
1904000
95
82000
1564000
1646000
100
107000
1286500
1393500
105
139500
1026500
1166000
110
174500
770500
945000
115
405000
541500
946500
120
647000
352500
999500
125
933000
185000
1118000
130
1247500
75000
1322500
135
1606000
13000
1619000
140
2107500
0
2107500
145
2659500
0
2659500
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.