This page reflects SONO 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 — SONO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $12.50 (1.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$1.47
±10.8%
Days to Expiry
15
Calendar days
Total Call OI
3,441
Nearest expiry
Total Put OI
1,860
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$13.62
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, 11:36:51 PM
2026-06-18
$15.00
6/18/2026, 11:31:30 PM
2026-07-17NextUpdated
$12.50
7/3/2026, 11:29:53 PM
2026-08-21
$12.50
7/3/2026, 11:29:53 PM
2026-09-18
$15.00
7/3/2026, 11:29:53 PM
2026-10-16
$12.50
7/3/2026, 11:29:53 PM
2026-12-18
$12.50
7/3/2026, 11:29:53 PM
2027-01-15
$12.50
7/3/2026, 11:29:53 PM
Selected expiration: 2026-07-17 at max pain $12.50.
SONO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1748250
1748250
5
0
1284000
1284000
7.5
2750
819750
822500
10
30000
413250
443250
12.5
109750
56000
165750
15
209500
8750
218250
17.5
428250
3000
431250
20
850000
1000
851000
22.5
1464750
500
1465250
25
2172500
0
2172500
30
3640500
0
3640500
35
5359000
0
5359000
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.