This page reflects SOUN 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 — SOUN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $6.50 (0.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.50
Nearest expiry
Expected Move
±$0.52
±7.9%
Days to Expiry
8
Calendar days
Total Call OI
24,916
Nearest expiry
Total Put OI
5,644
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$6.55
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
$7.00
6/26/2026, 11:28:19 PM
2026-07-02
$6.50
7/2/2026, 11:31:30 PM
2026-07-10NextUpdated
$6.50
7/3/2026, 11:27:57 PM
2026-07-17
$10.00
7/3/2026, 11:27:57 PM
2026-07-24
$7.50
7/3/2026, 11:27:57 PM
2026-07-31
$7.00
7/3/2026, 11:27:57 PM
2026-08-07
$9.50
7/3/2026, 11:27:57 PM
2026-08-21
$6.00
7/3/2026, 11:27:57 PM
2026-10-16
$8.00
7/3/2026, 11:27:57 PM
2027-01-15
$7.00
7/3/2026, 11:27:57 PM
Selected expiration: 2026-07-10 at max pain $6.50.
SOUN pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2855500
2855500
3
0
2573300
2573300
3.5
0
2291150
2291150
4
50
2009100
2009150
4.5
300
1727350
1727650
5
600
1445700
1446300
5.5
4300
1164450
1168750
6
9950
887500
897450
6.5
33450
659800
693250
7
248000
472900
720900
7.5
744400
361050
1105450
8
1483150
283950
1767100
8.5
2427400
227500
2654900
9
3414600
187000
3601600
9.5
4459750
152450
4612200
10
5554650
129350
5684000
10.5
6732450
114650
6847100
11
7917150
100600
8017750
11.5
9139450
86950
9226400
12
10362550
73850
10436400
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.