This page reflects SPIR 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 — SPIR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $16.00 (2.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$2.83
±15.3%
Days to Expiry
15
Calendar days
Total Call OI
6,031
Nearest expiry
Total Put OI
2,106
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$18.44
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
$14.00
5/15/2026, 11:39:32 PM
2026-06-18
$18.00
6/18/2026, 11:31:26 PM
2026-07-17NextUpdated
$16.00
7/3/2026, 11:26:27 PM
2026-08-21
$12.00
7/3/2026, 11:26:27 PM
2026-10-16
$17.00
7/3/2026, 11:26:27 PM
2026-11-20
$18.00
7/3/2026, 11:26:27 PM
2027-01-15
$15.00
7/3/2026, 11:26:27 PM
2027-02-19
$14.00
7/3/2026, 11:26:27 PM
Selected expiration: 2026-07-17 at max pain $16.00.
SPIR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3067500
3067500
2
100
2856900
2857000
3
300
2646300
2646600
4
500
2436100
2436600
5
700
2226200
2226900
6
900
2016600
2017500
8
1300
1597600
1598900
9
1500
1388100
1389600
10
1700
1178600
1180300
11
3100
978900
982000
12
14200
817800
832000
13
25300
659600
684900
14
36800
508600
545400
15
148800
383300
532100
16
263400
266600
530000
17
383900
196400
580300
18
519000
135800
654800
19
673200
78000
751200
20
924600
39000
963600
21
1194700
13500
1208200
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.