This page reflects TMDX 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 — TMDX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $75.00 (6.14 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$7.95
±11.6%
Days to Expiry
15
Calendar days
Total Call OI
9,794
Nearest expiry
Total Put OI
10,865
Nearest expiry
P/C OI Ratio
1.11
Put-heavy
Spot Price
$68.86
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
$70.00
5/15/2026, 11:39:11 PM
2026-06-18
$70.00
6/18/2026, 11:34:15 PM
2026-07-17NextUpdated
$75.00
7/3/2026, 11:29:38 PM
2026-08-21
$75.00
7/3/2026, 11:29:38 PM
2026-10-16
$85.00
7/3/2026, 11:29:38 PM
2026-12-18
$90.00
7/3/2026, 11:29:38 PM
2027-01-15
$65.00
7/3/2026, 11:29:38 PM
Selected expiration: 2026-07-17 at max pain $75.00.
TMDX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
27007000
27007000
45
500
21582500
21583000
50
10000
16164000
16174000
55
25000
10895500
10920500
60
46000
5901500
5947500
65
102500
2440500
2543000
70
183000
639500
822500
75
422500
271500
694000
80
2130000
148000
2278000
85
4111000
68000
4179000
90
7184500
31000
7215500
95
10598000
25000
10623000
100
14171500
22500
14194000
105
17927000
20500
17947500
110
21744000
18500
21762500
115
25638000
16500
25654500
120
29600000
14500
29614500
125
33759000
12500
33771500
130
37932500
10500
37943000
135
42222500
8500
42231000
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.