This page reflects XENE 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 — XENE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $55.00 (5.96 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$5.47
±9.0%
Days to Expiry
15
Calendar days
Total Call OI
11,073
Nearest expiry
Total Put OI
327
Nearest expiry
P/C OI Ratio
0.03
Put-heavy
Spot Price
$60.96
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
$55.00
5/15/2026, 11:47:33 PM
2026-06-18
$55.00
6/18/2026, 11:37:57 PM
2026-07-17NextUpdated
$55.00
7/3/2026, 11:31:15 PM
2026-10-16
$60.00
7/3/2026, 11:31:15 PM
2026-12-18
$50.00
7/3/2026, 11:31:15 PM
2027-01-15
$52.50
7/3/2026, 11:31:15 PM
Selected expiration: 2026-07-17 at max pain $55.00.
XENE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
1043500
1043500
35
0
639750
639750
37.5
750
559000
559750
40
2000
478250
480250
42.5
3250
397500
400750
45
4500
317250
321750
47.5
5750
237000
242750
50
22000
160250
182250
52.5
38500
119750
158250
55
71500
82750
154250
57.5
168250
47500
215750
60
269250
16500
285750
62.5
395000
5500
400500
65
527250
3500
530750
67.5
725000
1500
726500
70
927750
0
927750
75
1850250
0
1850250
80
7259250
0
7259250
85
12795250
0
12795250
90
18331250
0
18331250
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.