What is SPOT max pain this week?

SPOT max pain for the nearest expiration (2026-07-10) is $460.00. Total call open interest: 1,236. Total put open interest: 2,000.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options SPOTMax Pain

SPOT

Spotify Technology S.A.Close $485.97EOD only

Max Pain

$460.00

Next expiry Jul 10, 2026

Expected Move

±$24.45

5.0% from close

Price Gap

-25.97

Distance to max pain

IV Rank

Low premium

P/C OI

0.95

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: Jul 2, 2026 close

End-of-day snapshot

This page reflects SPOT 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 — SPOT

Data as of market close Jul 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-07-10 shows max pain at $460.00 (25.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$460.00

Nearest expiry

Expected Move

±$24.45

±5.0%

Days to Expiry

Calendar days

Total Call OI

1,236

Nearest expiry

Total Put OI

2,000

Nearest expiry

P/C OI Ratio

1.62

Put-heavy

Spot Price

$485.97

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	$450.00	6/26/2026, 11:28:33 PM
2026-07-02	$452.50	7/2/2026, 11:30:12 PM
2026-07-10NextUpdated	$460.00	7/3/2026, 11:30:11 PM
2026-07-17	$475.00	7/3/2026, 11:30:11 PM
2026-07-24	$425.00	7/3/2026, 11:30:11 PM
2026-07-31	$425.00	7/3/2026, 11:30:11 PM
2026-08-07	$495.00	7/3/2026, 11:30:11 PM
2026-08-21	$460.00	7/3/2026, 11:30:11 PM
2026-09-18	$520.00	7/3/2026, 11:30:11 PM
2026-10-16	$470.00	7/3/2026, 11:30:11 PM
2026-12-18	$500.00	7/3/2026, 11:30:11 PM
2027-01-15	$550.00	7/3/2026, 11:30:11 PM
2027-03-19	$500.00	7/3/2026, 11:30:11 PM
2027-06-17	$500.00	7/3/2026, 11:30:11 PM

Selected expiration: 2026-07-10 at max pain $460.00.

SPOT pain by strike for 2026-07-10 expiration
Strike	Call Pain	Put Pain	Total Pain
300	0	21376250	21376250
310	0	19376250	19376250
330	2000	15880250	15882250
340	3000	14237250	14240250
350	6000	12845250	12851250
355	8000	12149750	12157750
360	11500	11454250	11465750
365	17500	10759750	10777250
370	27000	10065750	10092750
375	37000	9371750	9408750
380	48000	8679750	8727750
385	60500	7989250	8049750
390	76000	7300250	7376250
395	98000	6613250	6711250
397.5	110250	6269750	6380000
400	122750	5926250	6049000
402.5	135500	5584000	5719500
405	148500	5241750	5390250
410	175000	4557250	4732250
415	206500	3890250	4096750

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.