This page reflects W 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 — W
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $86.00 (8.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$86.00
Nearest expiry
Expected Move
±$6.80
±7.2%
Days to Expiry
8
Calendar days
Total Call OI
1,933
Nearest expiry
Total Put OI
1,594
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$94.50
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$84.00
6/26/2026, 11:35:52 PM
2026-07-02
$90.00
7/2/2026, 11:38:07 PM
2026-07-10NextUpdated
$86.00
7/3/2026, 11:32:44 PM
2026-07-17
$82.50
7/3/2026, 11:32:44 PM
2026-07-24
$82.00
7/3/2026, 11:32:44 PM
2026-07-31
$90.00
7/3/2026, 11:32:44 PM
2026-08-07
$91.00
7/3/2026, 11:32:44 PM
2026-08-21
$85.00
7/3/2026, 11:32:44 PM
2026-09-18
$85.00
7/3/2026, 11:32:44 PM
2026-11-20
$70.00
7/3/2026, 11:32:44 PM
2026-12-18
$67.50
7/3/2026, 11:32:44 PM
2027-01-15
$70.00
7/3/2026, 11:32:44 PM
2027-02-19
$70.00
7/3/2026, 11:32:44 PM
2027-03-19
$87.50
7/3/2026, 11:32:44 PM
Selected expiration: 2026-07-10 at max pain $86.00.
W pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
5433600
5433600
50
1000
4636600
4637600
55
2000
3843100
3845100
58
2600
3378400
3381000
60
3000
3070000
3073000
61
3200
2922300
2925500
62
3400
2775700
2779100
63
3700
2632100
2635800
64
4100
2488600
2492700
65
4600
2345100
2349700
66
5900
2202300
2208200
67
7200
2059700
2066900
68
8500
1917500
1926000
69
9900
1775400
1785300
70
11500
1633700
1645200
71
13600
1492200
1505800
72
15800
1356900
1372700
73
19700
1221800
1241500
74
24100
1116700
1140800
75
40300
1012100
1052400
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.