This page reflects VSH 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 — VSH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (4.08 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$8.15
±17.8%
Days to Expiry
15
Calendar days
Total Call OI
29,352
Nearest expiry
Total Put OI
18,550
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$45.92
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
$22.50
5/15/2026, 11:47:22 PM
2026-06-18
$60.00
6/18/2026, 11:35:50 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:33:21 PM
2026-08-21
$60.00
7/3/2026, 11:33:21 PM
2026-10-16
$50.00
7/3/2026, 11:33:21 PM
2026-11-20
$40.00
7/3/2026, 11:33:21 PM
2026-12-18
$22.50
7/3/2026, 11:33:21 PM
2027-01-15
$55.00
7/3/2026, 11:33:21 PM
Selected expiration: 2026-07-17 at max pain $50.00.
VSH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
79185750
79185750
5
0
74548250
74548250
7.5
0
69911000
69911000
10
0
65273750
65273750
12.5
0
60684500
60684500
15
500
56108000
56108500
17.5
7750
51531500
51539250
20
33500
46958750
46992250
22.5
93000
42401250
42494250
25
184000
37899000
38083000
30
420500
29688000
30108500
35
781000
21549000
22330000
40
1342000
14136500
15478500
45
2164000
8562000
10726000
50
4623500
3707000
8330500
55
7284500
1400000
8684500
60
12132500
449000
12581500
65
19317500
187500
19505000
70
27732000
57000
27789000
75
38692500
1500
38694000
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.