This page reflects VIR 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 — VIR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $9.00 (1.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.70
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
3,811
Nearest expiry
Total Put OI
1,884
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$10.04
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
$10.00
5/15/2026, 11:46:22 PM
2026-06-18
$8.00
6/18/2026, 11:37:14 PM
2026-07-17NextUpdated
$9.00
7/3/2026, 11:32:29 PM
2026-08-21
$10.00
7/3/2026, 11:32:29 PM
2026-10-16
$7.00
7/3/2026, 11:32:29 PM
2027-01-15
$7.00
7/3/2026, 11:32:29 PM
Selected expiration: 2026-07-17 at max pain $9.00.
VIR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1652700
1652700
2
0
1464400
1464400
3
200
1276300
1276500
4
600
1088200
1088800
5
1500
900100
901600
6
8100
713000
721100
7
21000
527900
548900
8
48500
344100
392600
9
140200
217700
357900
10
289800
101800
391600
11
557900
50200
608100
12
843800
100
843900
13
1182800
0
1182800
14
1555800
0
1555800
15
1932900
0
1932900
16
2311900
0
2311900
17
2690900
0
2690900
18
3070500
0
3070500
20
3829900
0
3829900
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.