This page reflects VRSK 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 — VRSK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $180.00 (8.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$10.65
±5.7%
Days to Expiry
15
Calendar days
Total Call OI
917
Nearest expiry
Total Put OI
1,358
Nearest expiry
P/C OI Ratio
1.48
Put-heavy
Spot Price
$188.35
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
$165.00
5/15/2026, 11:43:55 PM
2026-06-18
$175.00
6/18/2026, 11:36:37 PM
2026-07-17NextUpdated
$180.00
7/3/2026, 11:34:36 PM
2026-08-21
$175.00
7/3/2026, 11:34:36 PM
2026-09-18
$180.00
7/3/2026, 11:34:36 PM
2026-12-18
$190.00
7/3/2026, 11:34:36 PM
Selected expiration: 2026-07-17 at max pain $180.00.
VRSK pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
8028500
8028500
130
0
5314500
5314500
135
0
4636500
4636500
140
0
3959000
3959000
145
0
3285500
3285500
150
500
2620000
2620500
155
3000
1975500
1978500
160
8000
1446000
1454000
165
29500
975500
1005000
170
64500
607500
672000
175
121500
284000
405500
180
185000
86000
271000
185
350000
31500
381500
190
538500
13500
552000
195
771000
6500
777500
200
1026500
0
1026500
210
1826500
0
1826500
220
2698500
0
2698500
230
3605500
0
3605500
240
4515500
0
4515500
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.