This page reflects SPXC 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 — SPXC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $220.00 (7.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$15.95
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
745
Nearest expiry
Total Put OI
412
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$227.74
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
$200.00
5/15/2026, 11:40:57 PM
2026-06-18
$195.00
6/18/2026, 11:32:54 PM
2026-07-17NextUpdated
$220.00
7/3/2026, 11:29:02 PM
2026-08-21
$200.00
7/3/2026, 11:29:02 PM
2026-09-18
$190.00
7/3/2026, 11:29:02 PM
2026-12-18
$230.00
7/3/2026, 11:29:02 PM
Selected expiration: 2026-07-17 at max pain $220.00.
SPXC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
3691000
3691000
115
500
3486500
3487000
120
2000
3282500
3284500
125
4000
3079500
3083500
130
7000
2876500
2883500
140
13000
2471500
2484500
145
16000
2271500
2287500
150
20500
2073000
2093500
155
25000
1895000
1920000
160
31500
1718500
1750000
165
38500
1547000
1585500
170
67500
1377500
1445000
180
127500
1055500
1183000
185
159500
896000
1055500
190
191500
742500
934000
195
223500
596500
820000
200
256000
453000
709000
210
365000
226000
591000
220
487000
60000
547000
230
632000
13000
645000
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.