This page reflects TMO 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 — TMO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $480.00 (43.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$480.00
Nearest expiry
Expected Move
±$8.25
±1.6%
Days to Expiry
8
Calendar days
Total Call OI
424
Nearest expiry
Total Put OI
238
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$523.44
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
$477.50
6/26/2026, 11:31:36 PM
2026-07-02
$492.50
7/2/2026, 11:31:36 PM
2026-07-10NextUpdated
$480.00
7/3/2026, 11:29:29 PM
2026-07-17
$480.00
7/3/2026, 11:29:29 PM
2026-07-24
$510.00
7/3/2026, 11:29:29 PM
2026-07-31
$470.00
7/3/2026, 11:29:29 PM
2026-08-07
$460.00
7/3/2026, 11:29:29 PM
2026-08-21
$490.00
7/3/2026, 11:29:29 PM
2026-09-18
$500.00
7/3/2026, 11:29:29 PM
2026-12-18
$530.00
7/3/2026, 11:29:29 PM
2027-01-15
$500.00
7/3/2026, 11:29:29 PM
2027-03-19
$480.00
7/3/2026, 11:29:29 PM
2027-06-17
$540.00
7/3/2026, 11:29:29 PM
Selected expiration: 2026-07-10 at max pain $480.00.
TMO pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
370
0
2023250
2023250
420
10000
833250
843250
425
11000
717750
728750
430
12000
604250
616250
435
13000
501250
514250
440
14000
418250
432250
445
15000
338250
353250
450
16000
262250
278250
455
17000
188750
205750
460
18000
126750
144750
462.5
18500
105000
123500
465
21500
86750
108250
467.5
26750
76250
103000
470
32000
67500
99500
475
45500
50500
96000
480
59500
35000
94500
482.5
68250
27250
95500
485
77500
19500
97000
487.5
87250
15750
103000
490
101500
12000
113500
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.