This page reflects STNG 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 — STNG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $77.50 (4.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$4.45
±6.1%
Days to Expiry
15
Calendar days
Total Call OI
9,756
Nearest expiry
Total Put OI
4,894
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$73.01
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
$75.00
5/15/2026, 11:36:38 PM
2026-06-18
$77.50
6/18/2026, 11:29:35 PM
2026-07-17NextUpdated
$77.50
7/3/2026, 11:31:01 PM
2026-08-21
$77.50
7/3/2026, 11:31:01 PM
2026-10-16
$75.00
7/3/2026, 11:31:01 PM
2027-01-15
$55.00
7/3/2026, 11:31:01 PM
Selected expiration: 2026-07-17 at max pain $77.50.
STNG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
20125750
20125750
35
0
17678750
17678750
37.5
0
16455250
16455250
40
0
15232000
15232000
42.5
0
14014250
14014250
45
0
12796500
12796500
47.5
0
11598000
11598000
50
2000
10404500
10406500
52.5
10250
9216000
9226250
55
21750
8032250
8054000
57.5
47250
6891000
6938250
60
80750
5755000
5835750
62.5
143500
4698500
4842000
65
212250
3661000
3873250
67.5
289750
2636000
2925750
70
395000
1744500
2139500
72.5
551250
977000
1528250
75
724750
542250
1267000
77.5
959250
143500
1102750
80
1342750
43500
1386250
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.