This page reflects VCEL 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 — VCEL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (11.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.75
±5.8%
Days to Expiry
15
Calendar days
Total Call OI
510
Nearest expiry
Total Put OI
22
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$46.98
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
$35.00
5/15/2026, 11:45:02 PM
2026-06-18
$25.00
6/18/2026, 11:35:23 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:33:07 PM
2026-10-16
$25.00
7/3/2026, 11:33:07 PM
2027-01-15
$35.00
7/3/2026, 11:33:07 PM
Selected expiration: 2026-07-17 at max pain $35.00.
VCEL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
23000
23000
22.5
0
19250
19250
25
0
15500
15500
30
0
8500
8500
35
0
2500
2500
40
4500
2000
6500
45
224500
1500
226000
50
460000
1000
461000
60
960000
0
960000
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.