This page reflects VISN 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 — VISN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $12.00 (0.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$0.62
±5.1%
Days to Expiry
15
Calendar days
Total Call OI
20,935
Nearest expiry
Total Put OI
7,051
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$12.15
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
$12.00
5/15/2026, 11:42:52 PM
2026-06-18
$12.00
6/18/2026, 11:31:47 PM
2026-07-17NextUpdated
$12.00
7/3/2026, 11:32:56 PM
2026-08-21
$17.00
7/3/2026, 11:32:56 PM
2026-11-20
$19.00
7/3/2026, 11:32:56 PM
2027-01-15
$10.00
7/3/2026, 11:32:56 PM
Selected expiration: 2026-07-17 at max pain $12.00.
VISN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
11609900
11609900
4
19500
9494600
9514100
5
26500
8789500
8816000
7
40900
7379300
7420200
8
48200
6674200
6722400
9
55500
5969100
6024600
10
64400
5264000
5328400
11
190100
4559000
4749100
12
315800
3856500
4172300
13
1703300
3185800
4889100
14
3203000
2517900
5720900
15
4709800
1879200
6589000
16
6217200
1240500
7457700
17
7724600
601800
8326400
18
9362200
240600
9602800
19
11044300
46000
11090300
20
12868100
13300
12881400
21
14703000
900
14703900
22
16602700
800
16603500
23
18583500
700
18584200
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.