This page reflects WPM 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 — WPM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $108.00 (7.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$108.00
Nearest expiry
Expected Move
±$2.62
±2.3%
Days to Expiry
8
Calendar days
Total Call OI
1,117
Nearest expiry
Total Put OI
321
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$115.73
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
$118.00
6/26/2026, 11:36:31 PM
2026-07-02
$113.00
7/2/2026, 11:36:52 PM
2026-07-10NextUpdated
$108.00
7/3/2026, 11:34:24 PM
2026-07-17
$125.00
7/3/2026, 11:34:24 PM
2026-07-24
$114.00
7/3/2026, 11:34:24 PM
2026-07-31
$113.00
7/3/2026, 11:34:24 PM
2026-08-07
$112.00
7/3/2026, 11:34:24 PM
2026-08-21
$125.00
7/3/2026, 11:34:24 PM
2026-09-18
$125.00
7/3/2026, 11:34:24 PM
2026-12-18
$140.00
7/3/2026, 11:34:24 PM
2027-01-15
$115.00
7/3/2026, 11:34:24 PM
2027-03-19
$120.00
7/3/2026, 11:34:24 PM
2027-06-17
$115.00
7/3/2026, 11:34:24 PM
Selected expiration: 2026-07-10 at max pain $108.00.
WPM pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
952700
952700
94
5600
503300
508900
95
6000
471700
477700
96
7400
441400
448800
100
13000
320600
333600
101
18500
292500
311000
102
24000
264800
288800
103
29500
237700
267200
104
35000
210700
245700
105
46900
184500
231400
106
64900
161300
226200
107
82900
138600
221500
108
101500
117700
219200
109
126300
98300
224600
110
157600
81600
239200
111
193000
67900
260900
112
234800
55400
290200
113
278200
43800
322000
114
323300
35200
358500
115
371000
30000
401000
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.