This page reflects TM 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 — TM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $190.00 (15.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$7.03
±4.0%
Days to Expiry
15
Calendar days
Total Call OI
2,245
Nearest expiry
Total Put OI
2,864
Nearest expiry
P/C OI Ratio
1.28
Put-heavy
Spot Price
$174.59
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
$210.00
5/15/2026, 11:36:39 PM
2026-06-18
$195.00
6/18/2026, 11:33:25 PM
2026-07-17NextUpdated
$190.00
7/3/2026, 11:29:48 PM
2026-08-21
$175.00
7/3/2026, 11:29:48 PM
2026-09-18
$185.00
7/3/2026, 11:29:48 PM
2026-10-16
$175.00
7/3/2026, 11:29:48 PM
2026-12-18
$180.00
7/3/2026, 11:29:48 PM
2027-01-15
$180.00
7/3/2026, 11:29:48 PM
Selected expiration: 2026-07-17 at max pain $190.00.
TM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
13892500
13892500
140
0
12461500
12461500
145
0
11084000
11084000
150
500
9726500
9727000
155
1000
8420000
8421000
160
1500
7142500
7144000
165
4500
5947000
5951500
170
11000
4897500
4908500
175
31500
3978000
4009500
180
108000
3149000
3257000
185
462500
2478000
2940500
190
861000
2034500
2895500
195
1311000
1761000
3072000
200
1816500
1510000
3326500
210
2954500
1008000
3962500
220
4196500
506000
4702500
230
5555500
4000
5559500
240
6977500
2000
6979500
250
8436500
0
8436500
260
10062500
0
10062500
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.