This page reflects VLO 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 — VLO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $260.00 (7.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$260.00
Nearest expiry
Expected Move
±$6.10
±2.3%
Days to Expiry
8
Calendar days
Total Call OI
1,776
Nearest expiry
Total Put OI
1,473
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$267.76
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
$242.50
6/26/2026, 11:34:30 PM
2026-07-02
$255.00
7/2/2026, 11:37:35 PM
2026-07-10NextUpdated
$260.00
7/3/2026, 11:33:35 PM
2026-07-17
$250.00
7/3/2026, 11:33:35 PM
2026-07-24
$255.00
7/3/2026, 11:33:35 PM
2026-07-31
$250.00
7/3/2026, 11:33:35 PM
2026-08-07
$255.00
7/3/2026, 11:33:35 PM
2026-08-21
$260.00
7/3/2026, 11:33:35 PM
2026-09-18
$220.00
7/3/2026, 11:33:35 PM
2026-12-18
$180.00
7/3/2026, 11:33:35 PM
2027-01-15
$180.00
7/3/2026, 11:33:35 PM
2027-03-19
$240.00
7/3/2026, 11:33:35 PM
2027-06-17
$230.00
7/3/2026, 11:33:35 PM
Selected expiration: 2026-07-10 at max pain $260.00.
VLO pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
9391750
9391750
185
0
8660250
8660250
190
0
7950250
7950250
195
0
7267250
7267250
200
0
6584750
6584750
205
0
5907250
5907250
210
1000
5229750
5230750
212.5
1500
4891250
4892750
215
2000
4555250
4557250
220
3000
3896750
3899750
225
4000
3299750
3303750
227.5
4500
3022000
3026500
230
5000
2744500
2749500
232.5
8000
2474500
2482500
235
11250
2204500
2215750
237.5
15250
1939500
1954750
240
20500
1685000
1705500
242.5
34500
1441250
1475750
245
66500
1203250
1269750
247.5
106750
992750
1099500
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.