This page reflects VPG 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 — VPG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $115.00 (6.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$17.60
±14.5%
Days to Expiry
15
Calendar days
Total Call OI
1,404
Nearest expiry
Total Put OI
371
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$121.59
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
$70.00
5/15/2026, 11:43:01 PM
2026-06-18
$65.00
6/18/2026, 11:38:02 PM
2026-07-17NextUpdated
$115.00
7/3/2026, 11:32:33 PM
2026-08-21
$70.00
7/3/2026, 11:32:33 PM
2026-09-18
$55.00
7/3/2026, 11:32:33 PM
2026-11-20
$50.00
7/3/2026, 11:32:33 PM
2026-12-18
$90.00
7/3/2026, 11:32:33 PM
2027-01-15
$100.00
7/3/2026, 11:32:33 PM
2027-02-19
$95.00
7/3/2026, 11:32:33 PM
2027-03-19
$75.00
7/3/2026, 11:32:33 PM
2027-05-21
$70.00
7/3/2026, 11:32:33 PM
Selected expiration: 2026-07-17 at max pain $115.00.
VPG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
2883500
2883500
55
0
2328500
2328500
60
500
2144000
2144500
65
1500
1960000
1961500
70
2500
1777500
1780000
75
3500
1595500
1599000
80
4500
1414500
1419000
85
5500
1234500
1240000
90
7000
1056500
1063500
95
8500
889000
897500
100
59000
723500
782500
105
115000
579000
694000
110
174000
452500
626500
115
236500
340000
576500
120
355500
247500
603000
125
479500
176000
655500
130
612000
114500
726500
135
750000
71500
821500
140
904000
37000
941000
145
1079500
21000
1100500
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.