This page reflects TPC 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 — TPC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (6.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$5.90
±7.7%
Days to Expiry
15
Calendar days
Total Call OI
2,008
Nearest expiry
Total Put OI
325
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$76.75
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
$80.00
5/15/2026, 11:41:52 PM
2026-06-18
$75.00
6/18/2026, 11:33:36 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:29:24 PM
2026-08-21
$75.00
7/3/2026, 11:29:24 PM
2026-10-16
$75.00
7/3/2026, 11:29:24 PM
2026-12-18
$65.00
7/3/2026, 11:29:24 PM
2027-01-15
$65.00
7/3/2026, 11:29:24 PM
Selected expiration: 2026-07-17 at max pain $70.00.
TPC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1252500
1252500
35
0
1092500
1092500
40
500
932500
933000
45
1000
774500
775500
50
1500
618000
619500
55
2500
466000
468500
60
17000
327500
344500
65
48000
203500
251500
70
96500
93500
190000
75
662000
53000
715000
80
1294000
28000
1322000
85
1995000
10000
2005000
90
2787500
0
2787500
95
3714000
0
3714000
100
4671500
0
4671500
105
5632000
0
5632000
110
6621000
0
6621000
115
7611500
0
7611500
120
8608000
0
8608000
125
9609000
0
9609000
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.