This page reflects WSO 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 — WSO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $420.00 (15.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$420.00
Nearest expiry
Expected Move
±$12.05
±3.0%
Days to Expiry
15
Calendar days
Total Call OI
99
Nearest expiry
Total Put OI
492
Nearest expiry
P/C OI Ratio
4.97
Put-heavy
Spot Price
$404.71
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
$460.00
5/15/2026, 11:48:00 PM
2026-06-18
$380.00
6/18/2026, 11:38:41 PM
2026-07-17NextUpdated
$420.00
7/3/2026, 11:32:52 PM
2026-08-21
$310.00
7/3/2026, 11:32:52 PM
2026-11-20
$300.00
7/3/2026, 11:32:52 PM
Selected expiration: 2026-07-17 at max pain $420.00.
WSO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
270
0
6520000
6520000
300
0
5047000
5047000
310
0
4567000
4567000
320
0
4088000
4088000
330
0
3620000
3620000
340
0
3153000
3153000
350
0
2702000
2702000
360
0
2261000
2261000
370
0
1825000
1825000
380
0
1403000
1403000
390
7000
1000000
1007000
400
20000
600000
620000
410
71000
200000
271000
420
128000
0
128000
430
187000
0
187000
440
248000
0
248000
450
314000
0
314000
470
504000
0
504000
480
601000
0
601000
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.