This page reflects USAR 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 — USAR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $22.50 (3.35 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$1.92
±10.0%
Days to Expiry
8
Calendar days
Total Call OI
9,615
Nearest expiry
Total Put OI
5,394
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$19.15
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, 11:34:47 PM
2026-07-02
$21.00
7/2/2026, 11:34:35 PM
2026-07-10NextUpdated
$22.50
7/3/2026, 11:32:06 PM
2026-07-17
$23.00
7/3/2026, 11:32:06 PM
2026-07-24
$22.50
7/3/2026, 11:32:06 PM
2026-07-31
$21.00
7/3/2026, 11:32:06 PM
2026-08-07
$27.00
7/3/2026, 11:32:06 PM
2026-08-21
$22.00
7/3/2026, 11:32:06 PM
2026-09-18
$22.00
7/3/2026, 11:32:06 PM
2026-12-18
$25.00
7/3/2026, 11:32:06 PM
2027-01-15
$20.00
7/3/2026, 11:32:06 PM
Selected expiration: 2026-07-10 at max pain $22.50.
USAR pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
4439250
4439250
13
100
3901750
3901850
14
200
3364750
3364950
15
300
2832350
2832650
15.5
850
2569200
2570050
16
1400
2307650
2309050
17
2800
1859750
1862550
17.5
3850
1641400
1645250
18
5500
1425900
1431400
18.5
10300
1246400
1256700
19
15100
1073050
1088150
19.5
22600
916550
939150
20
30100
770200
800300
20.5
40150
656050
696200
21
55550
557800
613350
21.5
80650
480250
560900
22
115250
404900
520150
22.5
168200
345750
513950
23
239800
292800
532600
23.5
343200
249100
592300
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.