This page reflects TT 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 — TT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $470.00 (8.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$470.00
Nearest expiry
Expected Move
±$23.65
±5.0%
Days to Expiry
15
Calendar days
Total Call OI
1,721
Nearest expiry
Total Put OI
1,946
Nearest expiry
P/C OI Ratio
1.13
Put-heavy
Spot Price
$478.13
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
$460.00
5/15/2026, 11:37:51 PM
2026-06-18
$460.00
6/18/2026, 11:31:37 PM
2026-07-17NextUpdated
$470.00
7/3/2026, 11:31:40 PM
2026-08-21
$480.00
7/3/2026, 11:31:40 PM
2026-09-18
$460.00
7/3/2026, 11:31:40 PM
2026-11-20
$470.00
7/3/2026, 11:31:40 PM
2026-12-18
$420.00
7/3/2026, 11:31:40 PM
2027-01-15
$510.00
7/3/2026, 11:31:40 PM
Selected expiration: 2026-07-17 at max pain $470.00.
TT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
280
0
34308000
34308000
300
2000
30416000
30418000
320
4000
26526000
26530000
360
8000
18754000
18762000
370
9000
16813000
16822000
380
10000
14873000
14883000
390
39000
12935000
12974000
400
68000
11007000
11075000
410
100000
9098000
9198000
420
132000
7244000
7376000
430
167000
5446000
5613000
440
265000
3722000
3987000
450
367000
2422000
2789000
460
534000
1407000
1941000
470
721000
937000
1658000
480
1054000
651000
1705000
490
1653000
425000
2078000
500
2293000
213000
2506000
510
3085000
105000
3190000
520
4057000
3000
4060000
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.