This page reflects SOGP 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 — SOGP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (4.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$1.60
±15.3%
Days to Expiry
15
Calendar days
Total Call OI
510
Nearest expiry
Total Put OI
379
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$10.47
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
$15.00
5/15/2026, 11:35:29 PM
2026-06-18
$16.33
6/18/2026, 11:32:36 PM
2026-07-17NextUpdated
$15.00
7/3/2026, 11:29:13 PM
2026-08-21
$10.00
7/3/2026, 11:29:13 PM
2026-10-16
$18.83
7/3/2026, 11:29:13 PM
2027-01-15
$17.50
7/3/2026, 11:29:13 PM
Selected expiration: 2026-07-17 at max pain $15.00.
SOGP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1.33
0
368910
368910
2.5
0
324567
324567
5
0
229817
229817
6.33
0
196434
196434
7.5
0
167067
167067
8.83
0
133684
133684
10
0
104551
104551
11.33
1995
72365
74360
12.5
6090
55985
62075
13.83
12474
37764
50238
15
18792
27000
45792
16.33
26240
20749
46989
17.5
33377
15250
48627
18.83
44549
9265
53814
20
64205
4000
68205
21.33
99184
3069
102253
22.5
129955
2250
132205
23.83
165200
1851
167051
25
197609
1500
199109
28.83
308296
351
308647
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.