This page reflects TER 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 — TER
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $430.00 (60.91 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$430.00
Nearest expiry
Expected Move
±$41.05
±11.1%
Days to Expiry
8
Calendar days
Total Call OI
5,848
Nearest expiry
Total Put OI
1,818
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$369.09
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
$412.50
6/26/2026, 11:30:38 PM
2026-07-02
$422.50
7/2/2026, 11:30:27 PM
2026-07-10NextUpdated
$430.00
7/3/2026, 11:30:06 PM
2026-07-17
$380.00
7/3/2026, 11:30:06 PM
2026-07-24
$430.00
7/3/2026, 11:30:06 PM
2026-07-31
$420.00
7/3/2026, 11:30:06 PM
2026-08-07
$390.00
7/3/2026, 11:30:06 PM
2026-08-21
$330.00
7/3/2026, 11:30:06 PM
2026-09-18
$400.00
7/3/2026, 11:30:06 PM
2026-10-16
$390.00
7/3/2026, 11:30:06 PM
2026-11-20
$320.00
7/3/2026, 11:30:06 PM
2027-01-15
$280.00
7/3/2026, 11:30:06 PM
Selected expiration: 2026-07-10 at max pain $430.00.
TER pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
185
0
30177750
30177750
190
3000
29268750
29271750
200
10000
27450750
27460750
205
17500
26541750
26559250
215
34500
24723750
24758250
220
46000
23814750
23860750
225
58000
22905750
22963750
230
71000
21996750
22067750
235
85000
21088250
21173250
240
99000
20181250
20280250
245
113500
19274750
19388250
250
129000
18369250
18498250
255
146000
17467750
17613750
260
163500
16568750
16732250
265
181000
15677750
15858750
270
199000
14789250
14988250
275
217000
13902750
14119750
280
235000
13016250
13251250
285
253000
12131250
12384250
290
271500
11254250
11525750
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.