This page reflects VIAV 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 — VIAV
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (8.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$6.25
±15.0%
Days to Expiry
15
Calendar days
Total Call OI
16,440
Nearest expiry
Total Put OI
13,669
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$41.66
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
$45.00
5/15/2026, 11:43:35 PM
2026-06-18
$40.00
6/18/2026, 11:37:46 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:33:53 PM
2026-08-21
$50.00
7/3/2026, 11:33:53 PM
2026-09-18
$44.00
7/3/2026, 11:33:53 PM
2026-11-20
$37.00
7/3/2026, 11:33:53 PM
2026-12-18
$30.00
7/3/2026, 11:33:53 PM
2027-01-15
$32.00
7/3/2026, 11:33:53 PM
2027-02-19
$45.00
7/3/2026, 11:33:53 PM
2027-03-19
$35.00
7/3/2026, 11:33:53 PM
2027-04-16
$35.00
7/3/2026, 11:33:53 PM
2027-06-17
$40.00
7/3/2026, 11:33:53 PM
Selected expiration: 2026-07-17 at max pain $50.00.
VIAV pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
19844000
19844000
35
22000
13047500
13069500
40
48000
7182500
7230500
45
99000
3201000
3300000
50
659000
1268000
1927000
55
3098000
574000
3672000
60
6515000
34500
6549500
65
11466500
10500
11477000
70
18645000
0
18645000
75
26569500
0
26569500
80
34694500
0
34694500
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.