This page reflects TE 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 — TE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $9.50 (0.94 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.50
Nearest expiry
Expected Move
±$1.50
±17.5%
Days to Expiry
8
Calendar days
Total Call OI
16,404
Nearest expiry
Total Put OI
11,114
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$8.56
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$9.00
6/26/2026, 11:29:24 PM
2026-07-02
$9.00
7/2/2026, 11:30:53 PM
2026-07-10NextUpdated
$9.50
7/3/2026, 11:27:06 PM
2026-07-17
$8.00
7/3/2026, 11:27:06 PM
2026-07-24
$8.50
7/3/2026, 11:27:06 PM
2026-07-31
$8.50
7/3/2026, 11:27:06 PM
2026-08-07
$8.50
7/3/2026, 11:27:06 PM
2026-08-21
$7.00
7/3/2026, 11:27:06 PM
2026-09-18
$7.00
7/3/2026, 11:27:06 PM
2026-10-16
$7.00
7/3/2026, 11:27:06 PM
2026-12-18
$7.00
7/3/2026, 11:27:06 PM
2027-01-15
$4.00
7/3/2026, 11:27:06 PM
2027-06-17
$5.00
7/3/2026, 11:27:06 PM
Selected expiration: 2026-07-10 at max pain $9.50.
TE pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
8916550
8916550
2
1400
7805150
7806550
3
3300
6693750
6697050
3.5
4700
6138100
6142800
4
6100
5582450
5588550
4.5
7650
5027300
5034950
5
9300
4472200
4481500
5.5
12450
3918450
3930900
6
16200
3365550
3381750
6.5
23050
2822850
2845900
7
30400
2287050
2317450
7.5
42050
1787600
1829650
8
56550
1313150
1369700
8.5
78700
939400
1018100
9
124050
657200
781250
9.5
218300
493250
711550
10
491500
362500
854000
10.5
903800
243050
1146850
11
1376200
139650
1515850
11.5
1906500
91750
1998250
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.