This page reflects SNX 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 — SNX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $270.00 (25.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$17.20
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
1,490
Nearest expiry
Total Put OI
1,447
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$244.64
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
$195.00
5/15/2026, 11:37:26 PM
2026-06-18
$220.00
6/18/2026, 11:37:38 PM
2026-07-17NextUpdated
$270.00
7/3/2026, 11:27:15 PM
2026-08-21
$290.00
7/3/2026, 11:27:15 PM
2026-09-18
$170.00
7/3/2026, 11:27:15 PM
2026-10-16
$260.00
7/3/2026, 11:27:15 PM
2026-12-18
$240.00
7/3/2026, 11:27:15 PM
Selected expiration: 2026-07-17 at max pain $270.00.
SNX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
12022000
12022000
150
1000
11298500
11299500
155
3000
10575000
10578000
160
5500
9851500
9857000
165
9000
9128000
9137000
175
17000
7681000
7698000
180
22000
6957500
6979500
185
27000
6234500
6261500
190
32500
5512500
5545000
195
39000
4806500
4845500
200
46000
4101000
4147000
210
61000
2693000
2754000
220
76000
1822000
1898000
230
101000
1464000
1565000
240
128000
1124000
1252000
250
172000
822000
994000
260
257000
543000
800000
270
365000
297000
662000
280
592000
93000
685000
290
869000
36000
905000
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.