This page reflects VALE 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 — VALE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $15.50 (0.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.50
Nearest expiry
Expected Move
±$0.54
±3.6%
Days to Expiry
8
Calendar days
Total Call OI
12,724
Nearest expiry
Total Put OI
10,274
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$14.99
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
$15.00
6/26/2026, 11:33:50 PM
2026-07-02
$15.00
7/2/2026, 11:36:32 PM
2026-07-10NextUpdated
$15.50
7/3/2026, 11:33:26 PM
2026-07-17
$16.00
7/3/2026, 11:33:26 PM
2026-07-24
$15.50
7/3/2026, 11:33:26 PM
2026-07-31
$15.00
7/3/2026, 11:33:26 PM
2026-08-21
$16.00
7/3/2026, 11:33:26 PM
2026-09-18
$12.00
7/3/2026, 11:33:26 PM
2026-12-18
$14.00
7/3/2026, 11:33:26 PM
2027-01-15
$15.00
7/3/2026, 11:33:26 PM
2027-03-19
$17.00
7/3/2026, 11:33:26 PM
2027-06-17
$13.00
7/3/2026, 11:33:26 PM
Selected expiration: 2026-07-10 at max pain $15.50.
VALE pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
9794450
9794450
8
1200
6712250
6713450
9
2300
5684850
5687150
10
4100
4657450
4661550
11
5900
3631050
3636950
12.5
8600
2092950
2101550
13
9500
1584800
1594300
13.5
10400
1076800
1087200
14
14050
624400
638450
14.5
24550
297950
322500
15
35300
75000
110300
15.5
52050
15050
67100
16
118050
1600
119650
16.5
651950
0
651950
17
1231550
0
1231550
17.5
1861600
0
1861600
18
2492250
0
2492250
18.5
3123400
0
3123400
19
3756550
0
3756550
20
5022950
0
5022950
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.