This page reflects TH 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 — TH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $14.00 (4.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$2.30
±12.4%
Days to Expiry
15
Calendar days
Total Call OI
1,834
Nearest expiry
Total Put OI
11,003
Nearest expiry
P/C OI Ratio
6.00
Put-heavy
Spot Price
$18.47
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
$14.00
5/15/2026, 11:40:31 PM
2026-06-18
$18.00
6/18/2026, 11:39:12 PM
2026-07-17NextUpdated
$14.00
7/3/2026, 11:28:44 PM
2026-10-16
$18.00
7/3/2026, 11:28:44 PM
2027-01-15
$5.00
7/3/2026, 11:28:44 PM
Selected expiration: 2026-07-17 at max pain $14.00.
TH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
11677000
11677000
2
900
10576900
10577800
3
2200
9476900
9479100
4
3600
8399800
8403400
5
5000
7326300
7331300
6
6700
6252800
6259500
7
8500
5179500
5188000
8
13500
4106200
4119700
9
19000
3034200
3053200
10
39200
1962200
2001400
11
84000
1390200
1474200
12
134400
818200
952600
13
189500
247300
436800
14
254800
177200
432000
15
326800
118000
444800
16
412900
63600
476500
17
499600
22900
522500
18
605500
13900
619400
19
717500
7000
724500
20
838700
400
839100
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.