This page reflects TRI 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 — TRI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (9.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$7.10
±8.0%
Days to Expiry
15
Calendar days
Total Call OI
2,451
Nearest expiry
Total Put OI
499
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$89.21
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
$85.00
5/15/2026, 11:38:25 PM
2026-06-18
$85.00
6/18/2026, 11:31:11 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:32:49 PM
2026-08-21
$85.00
7/3/2026, 11:32:49 PM
2026-09-18
$80.00
7/3/2026, 11:32:49 PM
2026-10-16
$90.00
7/3/2026, 11:32:49 PM
2026-12-18
$90.00
7/3/2026, 11:32:49 PM
2027-01-15
$80.00
7/3/2026, 11:32:49 PM
Selected expiration: 2026-07-17 at max pain $80.00.
TRI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
1459000
1459000
50
0
1226500
1226500
55
0
995000
995000
60
0
769500
769500
65
3000
561000
564000
70
6500
405500
412000
75
11500
275000
286500
80
23500
176000
199500
85
643500
134500
778000
90
1407000
101000
1508000
95
2342500
69500
2412000
100
3341500
55500
3397000
105
4429000
43000
4472000
110
5523000
31000
5554000
115
6625000
23500
6648500
120
7729000
17500
7746500
125
8834000
11500
8845500
130
9941000
5500
9946500
135
11055000
4000
11059000
140
12170000
3000
12173000
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.