This page reflects TS 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 — TS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (5.87 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$1.88
±3.5%
Days to Expiry
15
Calendar days
Total Call OI
308
Nearest expiry
Total Put OI
733
Nearest expiry
P/C OI Ratio
2.38
Put-heavy
Spot Price
$54.13
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
$60.00
5/15/2026, 11:39:40 PM
2026-06-18
$55.00
6/18/2026, 11:39:25 PM
2026-07-17NextUpdated
$60.00
7/3/2026, 11:33:08 PM
2026-08-21
$55.00
7/3/2026, 11:33:08 PM
2026-09-18
$52.50
7/3/2026, 11:33:08 PM
2026-11-20
$52.50
7/3/2026, 11:33:08 PM
2026-12-18
$62.50
7/3/2026, 11:33:08 PM
Selected expiration: 2026-07-17 at max pain $60.00.
TS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1441750
1441750
50
0
709750
709750
52.5
0
527000
527000
55
0
344750
344750
57.5
0
169750
169750
60
3250
500
3750
62.5
27250
250
27500
65
52250
0
52250
67.5
102750
0
102750
70
163250
0
163250
72.5
237500
0
237500
85
621250
0
621250
90
774750
0
774750
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.