This page reflects WING 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 — WING
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $160.00 (17.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$17.65
±9.9%
Days to Expiry
15
Calendar days
Total Call OI
3,545
Nearest expiry
Total Put OI
6,518
Nearest expiry
P/C OI Ratio
1.84
Put-heavy
Spot Price
$177.99
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
$170.00
5/15/2026, 11:45:44 PM
2026-06-18
$150.00
6/18/2026, 11:35:15 PM
2026-07-17NextUpdated
$160.00
7/3/2026, 11:33:44 PM
2026-08-21
$170.00
7/3/2026, 11:33:44 PM
2026-09-18
$180.00
7/3/2026, 11:33:44 PM
2026-11-20
$160.00
7/3/2026, 11:33:44 PM
2026-12-18
$210.00
7/3/2026, 11:33:44 PM
2027-01-15
$200.00
7/3/2026, 11:33:44 PM
2027-03-19
$155.00
7/3/2026, 11:33:44 PM
2027-06-17
$150.00
7/3/2026, 11:33:44 PM
Selected expiration: 2026-07-17 at max pain $160.00.
WING pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
43990000
43990000
80
0
40732000
40732000
85
0
37474000
37474000
90
0
34297500
34297500
95
2000
31206000
31208000
100
4000
28115500
28119500
105
11000
25035000
25046000
110
18500
22087000
22105500
115
30000
19214000
19244000
120
62000
16423000
16485000
125
107500
13833000
13940500
130
181500
11351000
11532500
135
314500
9148000
9462500
140
469000
6998000
7467000
145
717500
5232000
5949500
150
999500
3534500
4534000
155
1353500
2520000
3873500
160
1842500
1933500
3776000
165
2416000
1541000
3957000
170
3072000
1197000
4269000
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.