This page reflects TAC 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 — TAC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $13.00 (0.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$1.28
±9.5%
Days to Expiry
15
Calendar days
Total Call OI
2,356
Nearest expiry
Total Put OI
135
Nearest expiry
P/C OI Ratio
0.06
Put-heavy
Spot Price
$13.47
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
$12.00
5/15/2026, 11:39:40 PM
2026-06-18
$12.00
6/18/2026, 11:31:33 PM
2026-07-17NextUpdated
$13.00
7/3/2026, 11:31:00 PM
2026-08-21
$13.00
7/3/2026, 11:31:00 PM
2026-09-18
$10.00
7/3/2026, 11:31:00 PM
2026-11-20
$11.00
7/3/2026, 11:31:00 PM
2026-12-18
$10.00
7/3/2026, 11:31:00 PM
Selected expiration: 2026-07-17 at max pain $13.00.
TAC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
117100
117100
5
0
103700
103700
6
100
90300
90400
11
600
23800
24400
12
900
10600
11500
13
1400
800
2200
14
57200
500
57700
15
233100
300
233400
16
457100
200
457300
17
692200
100
692300
18
927800
0
927800
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.