This page reflects SPGI 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 — SPGI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $405.00 (34.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$405.00
Nearest expiry
Expected Move
±$13.70
±3.1%
Days to Expiry
8
Calendar days
Total Call OI
118
Nearest expiry
Total Put OI
206
Nearest expiry
P/C OI Ratio
1.75
Put-heavy
Spot Price
$439.89
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
$410.00
6/26/2026, 11:31:09 PM
2026-07-02
$402.50
7/2/2026, 11:33:03 PM
2026-07-10NextUpdated
$405.00
7/3/2026, 11:26:05 PM
2026-07-17
$420.00
7/3/2026, 11:26:05 PM
2026-07-24
$415.00
7/3/2026, 11:26:05 PM
2026-07-31
$415.00
7/3/2026, 11:26:05 PM
2026-08-21
$420.00
7/3/2026, 11:26:05 PM
2026-09-18
$440.00
7/3/2026, 11:26:05 PM
2026-10-16
$440.00
7/3/2026, 11:26:05 PM
2026-11-20
$420.00
7/3/2026, 11:26:05 PM
2026-12-18
$460.00
7/3/2026, 11:26:05 PM
2027-01-15
$480.00
7/3/2026, 11:26:05 PM
2027-02-19
$350.00
7/3/2026, 11:26:05 PM
2027-03-19
$400.00
7/3/2026, 11:26:05 PM
2027-06-17
$370.00
7/3/2026, 11:26:05 PM
Selected expiration: 2026-07-10 at max pain $405.00.
SPGI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
320
0
1350750
1350750
335
1500
1041750
1043250
350
3000
734250
737250
360
4000
535250
539250
370
5000
344250
349250
375
7000
274250
281250
380
9000
208750
217750
385
11000
150750
161750
390
13000
99250
112250
395
15000
59750
74750
397.5
16000
45000
61000
400
17000
31500
48500
405
20000
20000
40000
407.5
33500
16250
49750
410
48000
12500
60500
412.5
63000
10250
73250
415
78250
8000
86250
417.5
94500
5750
100250
420
111000
3500
114500
422.5
130750
2250
133000
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.