This page reflects VAL 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 — VAL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (9.65 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$5.62
±7.5%
Days to Expiry
15
Calendar days
Total Call OI
622
Nearest expiry
Total Put OI
178
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$75.35
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
$70.00
5/15/2026, 11:39:27 PM
2026-06-18
$75.00
6/18/2026, 11:36:31 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:32:51 PM
2026-08-21
$80.00
7/3/2026, 11:32:51 PM
2026-11-20
$85.00
7/3/2026, 11:32:51 PM
2026-12-18
$52.50
7/3/2026, 11:32:51 PM
2027-01-15
$45.00
7/3/2026, 11:32:51 PM
2027-02-19
$60.00
7/3/2026, 11:32:51 PM
Selected expiration: 2026-07-17 at max pain $85.00.
VAL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
143500
143500
65
0
94500
94500
70
5000
48000
53000
75
10000
26500
36500
80
16500
12000
28500
85
25500
1000
26500
87.5
35250
0
35250
90
45500
0
45500
92.5
59250
0
59250
95
73500
0
73500
97.5
145000
0
145000
100
216750
0
216750
105
419250
0
419250
110
695250
0
695250
115
973250
0
973250
120
1268250
0
1268250
125
1563250
0
1563250
130
1860250
0
1860250
140
2459250
0
2459250
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.