This page reflects STM 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 — STM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $71.00 (2.65 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$71.00
Nearest expiry
Expected Move
±$6.10
±8.9%
Days to Expiry
8
Calendar days
Total Call OI
2,643
Nearest expiry
Total Put OI
1,630
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$68.35
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
$74.00
6/26/2026, 11:31:45 PM
2026-07-02
$73.00
7/2/2026, 11:33:46 PM
2026-07-10NextUpdated
$71.00
7/3/2026, 11:28:23 PM
2026-07-17
$60.00
7/3/2026, 11:28:23 PM
2026-07-24
$75.00
7/3/2026, 11:28:23 PM
2026-07-31
$70.00
7/3/2026, 11:28:23 PM
2026-08-07
$70.00
7/3/2026, 11:28:23 PM
2026-08-21
$50.00
7/3/2026, 11:28:23 PM
2026-10-16
$60.00
7/3/2026, 11:28:23 PM
2026-11-20
$37.00
7/3/2026, 11:28:23 PM
2027-01-15
$50.00
7/3/2026, 11:28:23 PM
Selected expiration: 2026-07-10 at max pain $71.00.
STM pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
3388300
3388300
50
500
2573300
2573800
55
2500
1768800
1771300
57
3900
1449000
1452900
58
4600
1289900
1294500
59
5400
1134000
1139400
60
6200
978500
984700
61
8000
825600
833600
62
9800
732700
742500
63
11800
640500
652300
64
14000
550000
564000
65
16200
460000
476200
66
19100
377400
396500
67
22100
305300
327400
68
25300
245500
270800
69
29900
196700
226600
70
65400
151800
217200
71
103400
111000
214400
72
146200
80200
226400
73
194400
57200
251600
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.