This page reflects ULS 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 — ULS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $95.00 (1.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$6.58
±6.8%
Days to Expiry
15
Calendar days
Total Call OI
4,576
Nearest expiry
Total Put OI
5,934
Nearest expiry
P/C OI Ratio
1.30
Put-heavy
Spot Price
$96.99
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
$100.00
5/15/2026, 11:44:48 PM
2026-06-18
$100.00
6/18/2026, 11:31:12 PM
2026-07-17NextUpdated
$95.00
7/3/2026, 11:31:39 PM
2026-08-21
$90.00
7/3/2026, 11:31:39 PM
2026-10-16
$90.00
7/3/2026, 11:31:39 PM
2027-01-15
$85.00
7/3/2026, 11:31:39 PM
Selected expiration: 2026-07-17 at max pain $95.00.
ULS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
25433000
25433000
50
0
22467000
22467000
55
0
19501500
19501500
60
0
16536000
16536000
65
1000
13597500
13598500
70
2000
10660000
10662000
75
753000
7724500
8477500
80
1513000
4789500
6302500
85
2277500
2960000
5237500
90
3048500
1667500
4716000
95
3845500
581500
4427000
100
4690000
0
4690000
105
6730000
0
6730000
110
8938000
0
8938000
115
11214000
0
11214000
120
13490500
0
13490500
125
15771000
0
15771000
130
18055000
0
18055000
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.