This page reflects VRDN 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 — VRDN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $17.00 (2.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$0.60
±3.1%
Days to Expiry
15
Calendar days
Total Call OI
11,932
Nearest expiry
Total Put OI
1,309
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$19.40
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
$17.00
5/15/2026, 11:47:35 PM
2026-06-18
$17.00
6/18/2026, 11:38:23 PM
2026-07-17NextUpdated
$17.00
7/3/2026, 11:34:13 PM
2026-08-21
$17.00
7/3/2026, 11:34:13 PM
2026-10-16
$15.00
7/3/2026, 11:34:13 PM
2027-01-15
$11.00
7/3/2026, 11:34:13 PM
Selected expiration: 2026-07-17 at max pain $17.00.
VRDN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1908000
1908000
2
0
1779100
1779100
3
0
1652800
1652800
4
0
1527400
1527400
10
600
775000
775600
11
700
650800
651500
12
1300
526800
528100
13
1900
425000
426900
14
4500
323200
327700
15
12200
238100
250300
16
49900
166600
216500
17
98000
109100
207100
18
385900
56700
442600
19
733900
46700
780600
20
1096400
36700
1133100
21
1670000
27000
1697000
22
2285800
20300
2306100
23
2962100
13600
2975700
24
3675600
6900
3682500
25
4415100
2800
4417900
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.