This page reflects UMAC 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 — UMAC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $21.00 (1.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.00
Nearest expiry
Expected Move
±$3.05
±13.8%
Days to Expiry
8
Calendar days
Total Call OI
3,715
Nearest expiry
Total Put OI
1,404
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$22.08
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$23.00
6/26/2026, 11:34:39 PM
2026-07-02
$21.50
7/2/2026, 11:36:02 PM
2026-07-10NextUpdated
$21.00
7/3/2026, 11:32:11 PM
2026-07-17
$20.00
7/3/2026, 11:32:11 PM
2026-07-24
$23.00
7/3/2026, 11:32:11 PM
2026-07-31
$23.00
7/3/2026, 11:32:11 PM
2026-08-07
$19.00
7/3/2026, 11:32:11 PM
2026-08-21
$20.00
7/3/2026, 11:32:11 PM
2026-11-20
$15.00
7/3/2026, 11:32:11 PM
2027-01-15
$12.50
7/3/2026, 11:32:11 PM
2027-02-19
$22.50
7/3/2026, 11:32:11 PM
Selected expiration: 2026-07-10 at max pain $21.00.
UMAC pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
13.5
0
969850
969850
14
200
901900
902100
14.5
500
834400
834900
15
800
767200
768000
15.5
1100
701250
702350
16
1400
635600
637000
16.5
1800
570850
572650
17
2250
506850
509100
17.5
2800
443850
446650
18
3500
381700
385200
18.5
4800
338150
342950
19
6150
296450
302600
19.5
8300
260750
269050
20
12200
227200
239400
20.5
32000
197350
229350
21
52900
170700
223600
21.5
85300
150000
235300
22
125100
129600
254700
22.5
171850
111950
283800
23
222150
99800
321950
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.