This page reflects TARS 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 — TARS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (4.56 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$6.33
±9.7%
Days to Expiry
15
Calendar days
Total Call OI
6,943
Nearest expiry
Total Put OI
5,811
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$65.44
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
$65.00
5/15/2026, 11:38:33 PM
2026-06-18
$60.00
6/18/2026, 11:33:10 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:31:17 PM
2026-08-21
$60.00
7/3/2026, 11:31:17 PM
2026-10-16
$60.00
7/3/2026, 11:31:17 PM
2026-12-18
$60.00
7/3/2026, 11:31:17 PM
2027-01-15
$70.00
7/3/2026, 11:31:17 PM
2027-03-19
$35.00
7/3/2026, 11:31:17 PM
Selected expiration: 2026-07-17 at max pain $70.00.
TARS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
12600250
12600250
45
0
9695750
9695750
50
0
6791250
6791250
55
0
3966250
3966250
57.5
0
2556000
2556000
60
250
1421750
1422000
62.5
4750
1063250
1068000
65
9250
708000
717250
67.5
21000
354000
375000
70
34500
0
34500
75
78500
0
78500
80
1279000
0
1279000
85
2538500
0
2538500
90
4979000
0
4979000
95
7427000
0
7427000
100
9876500
0
9876500
105
13345000
0
13345000
110
16814500
0
16814500
115
20284000
0
20284000
120
23754000
0
23754000
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.