Strategy Inc - Variable Rate SeClose $87.87EOD only
Max Pain
$90.00
Next expiry Jul 17, 2026
Expected Move
±$6.35
7.2% from close
Price Gap
+2.13
Distance to max pain
IV Rank
57
Middle-high premium
P/C OI
0.65
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects STRC 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 — STRC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $90.00 (2.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$6.35
±7.2%
Days to Expiry
15
Calendar days
Total Call OI
25,608
Nearest expiry
Total Put OI
19,906
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$87.87
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
$100.00
5/15/2026, 11:34:23 PM
2026-06-18
$95.00
6/18/2026, 11:31:54 PM
2026-07-17NextUpdated
$90.00
7/3/2026, 11:30:33 PM
2026-08-21
$80.00
7/3/2026, 11:30:33 PM
2026-09-18
$95.00
7/3/2026, 11:30:33 PM
2026-12-18
$95.00
7/3/2026, 11:30:33 PM
Selected expiration: 2026-07-17 at max pain $90.00.
STRC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
62738500
62738500
45
0
53156000
53156000
50
0
43609000
43609000
55
0
34198500
34198500
60
0
24889000
24889000
65
9000
18546000
18555000
70
23000
12968500
12991500
75
47500
8885500
8933000
80
101500
5662000
5763500
85
503000
3058500
3561500
90
1514000
1272000
2786000
95
5047000
394500
5441500
100
14400000
7500
14407500
105
27107500
3000
27110500
110
39908500
2000
39910500
120
65516500
0
65516500
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.