This page reflects STRA 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 — STRA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $75.00 (5.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$3.40
±4.2%
Days to Expiry
15
Calendar days
Total Call OI
270
Nearest expiry
Total Put OI
162
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$80.98
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
$80.00
5/15/2026, 11:39:39 PM
2026-06-18
$75.00
6/18/2026, 11:32:40 PM
2026-07-17NextUpdated
$75.00
7/3/2026, 11:27:45 PM
2026-08-21
$90.00
7/3/2026, 11:27:45 PM
2026-10-16
$75.00
7/3/2026, 11:27:45 PM
2027-01-15
$80.00
7/3/2026, 11:27:45 PM
Selected expiration: 2026-07-17 at max pain $75.00.
STRA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
185500
185500
55
0
123500
123500
60
0
93000
93000
65
0
63500
63500
70
0
34500
34500
75
7500
13500
21000
80
20000
1500
21500
85
47000
0
47000
90
163500
0
163500
95
289000
0
289000
100
422500
0
422500
110
689500
0
689500
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.