This page reflects VSEC 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 — VSEC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $200.00 (32.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$10.60
±4.6%
Days to Expiry
15
Calendar days
Total Call OI
532
Nearest expiry
Total Put OI
558
Nearest expiry
P/C OI Ratio
1.05
Put-heavy
Spot Price
$232.33
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
$175.00
5/15/2026, 11:43:46 PM
2026-06-18
$180.00
6/18/2026, 11:39:36 PM
2026-07-17NextUpdated
$200.00
7/3/2026, 11:31:21 PM
2026-08-21
$170.00
7/3/2026, 11:31:21 PM
2026-10-16
$195.00
7/3/2026, 11:31:21 PM
2027-01-15
$165.00
7/3/2026, 11:31:21 PM
Selected expiration: 2026-07-17 at max pain $200.00.
VSEC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
4602500
4602500
90
500
4334000
4334500
95
1000
4073000
4074000
100
1500
3818000
3819500
105
2000
3563000
3565000
110
2500
3310000
3312500
115
3000
3062000
3065000
120
3500
2822000
2825500
125
4000
2585000
2589000
130
4500
2350500
2355000
135
5000
2118500
2123500
140
5500
1931500
1937000
145
6500
1745500
1752000
150
7500
1560000
1567500
155
8500
1375000
1383500
160
9500
1190000
1199500
165
13000
1006500
1019500
170
18000
824000
842000
175
24000
643000
667000
180
31500
464500
496000
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.