This page reflects TROW 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 — TROW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $105.00 (13.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$17.02
±14.4%
Days to Expiry
15
Calendar days
Total Call OI
3,486
Nearest expiry
Total Put OI
1,601
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$118.55
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
$95.00
5/15/2026, 11:41:05 PM
2026-06-18
$100.00
6/18/2026, 11:34:27 PM
2026-07-17NextUpdated
$105.00
7/3/2026, 11:31:52 PM
2026-08-21
$105.00
7/3/2026, 11:31:52 PM
2026-09-18
$100.00
7/3/2026, 11:31:52 PM
2026-10-16
$100.00
7/3/2026, 11:31:52 PM
2026-12-18
$105.00
7/3/2026, 11:31:52 PM
2027-01-15
$100.00
7/3/2026, 11:31:52 PM
2027-03-19
$100.00
7/3/2026, 11:31:52 PM
Selected expiration: 2026-07-17 at max pain $105.00.
TROW pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
5926000
5926000
60
0
5149500
5149500
65
0
4379000
4379000
70
0
3608500
3608500
75
0
2845500
2845500
80
0
2110500
2110500
85
0
1469500
1469500
90
0
989000
989000
95
0
581500
581500
100
4500
262000
266500
105
27000
94500
121500
110
753500
31000
784500
115
1951500
1500
1953000
120
3518000
0
3518000
125
5236500
0
5236500
130
6969000
0
6969000
135
8709500
0
8709500
140
10451000
0
10451000
145
12193500
0
12193500
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.