This page reflects TEM 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 — TEM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $53.00 (7.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$53.00
Nearest expiry
Expected Move
±$5.09
±8.4%
Days to Expiry
8
Calendar days
Total Call OI
6,607
Nearest expiry
Total Put OI
2,903
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$60.27
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
$50.00
6/26/2026, 11:29:52 PM
2026-07-02
$53.00
7/2/2026, 11:33:39 PM
2026-07-10NextUpdated
$53.00
7/3/2026, 11:31:37 PM
2026-07-17
$50.00
7/3/2026, 11:31:37 PM
2026-07-24
$50.00
7/3/2026, 11:31:37 PM
2026-07-31
$50.00
7/3/2026, 11:31:37 PM
2026-08-07
$55.00
7/3/2026, 11:31:37 PM
2026-08-21
$50.00
7/3/2026, 11:31:37 PM
2026-09-18
$50.00
7/3/2026, 11:31:37 PM
2026-10-16
$50.00
7/3/2026, 11:31:37 PM
2026-11-20
$55.00
7/3/2026, 11:31:37 PM
2026-12-18
$50.00
7/3/2026, 11:31:37 PM
2027-01-15
$50.00
7/3/2026, 11:31:37 PM
2027-03-19
$45.00
7/3/2026, 11:31:37 PM
Selected expiration: 2026-07-10 at max pain $53.00.
TEM pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
5122250
5122250
35
0
3684250
3684250
37
400
3135450
3135850
38
600
2862550
2863150
39
800
2600750
2601550
40
1000
2341950
2342950
41
1200
2089350
2090550
41.5
1950
1965200
1967150
42
2700
1841100
1843800
43
4200
1605400
1609600
44
5800
1413400
1419200
44.5
6750
1320100
1326850
45
7700
1227050
1234750
45.5
8850
1137750
1146600
46
10000
1049900
1059900
46.5
11200
964100
975300
47
12400
878450
890850
47.5
15650
796500
812150
48
19000
715150
734150
48.5
26800
646900
673700
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.