This page reflects SRAD 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 — SRAD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (0.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$1.38
±9.2%
Days to Expiry
15
Calendar days
Total Call OI
13,105
Nearest expiry
Total Put OI
1,289
Nearest expiry
P/C OI Ratio
0.10
Put-heavy
Spot Price
$15.01
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
$12.50
5/15/2026, 11:38:30 PM
2026-06-18
$12.50
6/18/2026, 11:36:39 PM
2026-07-17NextUpdated
$15.00
7/3/2026, 11:32:36 PM
2026-08-21
$15.00
7/3/2026, 11:32:36 PM
2026-11-20
$10.00
7/3/2026, 11:32:36 PM
2026-12-18
$10.00
7/3/2026, 11:32:36 PM
2027-01-15
$15.00
7/3/2026, 11:32:36 PM
Selected expiration: 2026-07-17 at max pain $15.00.
SRAD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1606750
1606750
5
500
1284500
1285000
7.5
2000
962250
964250
10
3500
641500
645000
12.5
20500
351250
371750
15
117000
118000
235000
17.5
572500
17500
590000
20
1373250
3750
1377000
22.5
3209750
1250
3211000
25
5883500
500
5884000
27.5
9033000
250
9033250
30
12192500
0
12192500
32.5
15459750
0
15459750
35
18727500
0
18727500
42.5
28551750
0
28551750
45
31828000
0
31828000
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.