This page reflects TOST 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 — TOST
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $26.00 (2.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$26.00
Nearest expiry
Expected Move
±$1.80
±6.3%
Days to Expiry
8
Calendar days
Total Call OI
2,258
Nearest expiry
Total Put OI
1,197
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$28.82
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
$25.50
6/26/2026, 11:33:03 PM
2026-07-02
$25.00
7/2/2026, 11:34:57 PM
2026-07-10NextUpdated
$26.00
7/3/2026, 11:30:10 PM
2026-07-17
$25.00
7/3/2026, 11:30:10 PM
2026-07-24
$24.00
7/3/2026, 11:30:10 PM
2026-07-31
$26.00
7/3/2026, 11:30:10 PM
2026-08-07
$27.00
7/3/2026, 11:30:10 PM
2026-08-21
$25.00
7/3/2026, 11:30:10 PM
2026-09-18
$26.00
7/3/2026, 11:30:10 PM
2026-12-18
$26.00
7/3/2026, 11:30:10 PM
2027-01-15
$30.00
7/3/2026, 11:30:10 PM
Selected expiration: 2026-07-10 at max pain $26.00.
TOST pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
1200350
1200350
16
200
1080650
1080850
19
800
721550
722350
20
1000
605550
606550
20.5
1550
547600
549150
21
2150
489650
491800
21.5
2850
432700
435550
22
3550
375850
379400
22.5
4300
320500
324800
23
5050
265700
270750
23.5
6200
220400
226600
24
7500
175100
182600
24.5
10750
140150
150900
25
15400
105900
121300
25.5
23850
74150
98000
26
37500
47100
84600
26.5
60150
34000
94150
27
85650
22000
107650
27.5
121100
13450
134550
28
166950
8650
175600
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.