This page reflects SO 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 — SO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $95.00 (2.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$0.80
±0.8%
Days to Expiry
8
Calendar days
Total Call OI
2,655
Nearest expiry
Total Put OI
904
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$97.98
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
$94.00
6/26/2026, 11:28:19 PM
2026-07-02
$95.00
7/2/2026, 11:29:52 PM
2026-07-10NextUpdated
$95.00
7/3/2026, 11:29:31 PM
2026-07-17
$94.00
7/3/2026, 11:29:31 PM
2026-07-24
$94.00
7/3/2026, 11:29:31 PM
2026-07-31
$90.00
7/3/2026, 11:29:31 PM
2026-08-07
$91.00
7/3/2026, 11:29:31 PM
2026-08-21
$95.00
7/3/2026, 11:29:31 PM
2026-09-18
$95.00
7/3/2026, 11:29:31 PM
2026-11-20
$90.00
7/3/2026, 11:29:31 PM
2026-12-18
$95.00
7/3/2026, 11:29:31 PM
2027-01-15
$87.50
7/3/2026, 11:29:31 PM
2027-03-19
$90.00
7/3/2026, 11:29:31 PM
2027-06-17
$90.00
7/3/2026, 11:29:31 PM
Selected expiration: 2026-07-10 at max pain $95.00.
SO pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
797200
797200
86
200
706800
707000
87
700
616400
617100
88
1300
526100
527400
89
2100
436400
438500
90
3200
347300
350500
91
4600
260300
264900
92
6100
173500
179600
93
7600
88200
95800
94
10600
37800
48400
95
17900
7100
25000
96
34300
4800
39100
97
232600
3600
236200
98
442300
2400
444700
99
693600
1200
694800
100
947700
0
947700
101
1213200
0
1213200
102
1478700
0
1478700
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.