Communication Services Select Sector SPDRClose $109.60EOD only
Max Pain
$108.00
Next expiry Jul 10, 2026
Expected Move
±$2.40
2.2% from close
Price Gap
-1.60
Distance to max pain
IV Rank
20
Low premium
P/C OI
9.86
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects XLC 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 — XLC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $108.00 (1.60 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
±$2.40
±2.2%
Days to Expiry
8
Calendar days
Total Call OI
216
Nearest expiry
Total Put OI
391
Nearest expiry
P/C OI Ratio
1.81
Put-heavy
Spot Price
$109.60
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
$108.00
6/26/2026, 11:34:36 PM
2026-07-02
$108.00
7/2/2026, 11:36:25 PM
2026-07-10NextUpdated
$108.00
7/3/2026, 11:32:55 PM
2026-07-17
$109.00
7/3/2026, 11:32:55 PM
2026-07-24
$106.00
7/3/2026, 11:32:55 PM
2026-07-31
$110.00
7/3/2026, 11:32:55 PM
2026-08-07
$100.00
7/3/2026, 11:32:55 PM
2026-08-21
$106.00
7/3/2026, 11:32:55 PM
2026-09-18
$117.00
7/3/2026, 11:32:55 PM
2026-12-18
$115.00
7/3/2026, 11:32:55 PM
2027-01-15
$115.00
7/3/2026, 11:32:55 PM
Selected expiration: 2026-07-10 at max pain $108.00.
XLC pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
1303000
1303000
80
0
914000
914000
90
0
526000
526000
100
0
139000
139000
101
0
100300
100300
102
0
86600
86600
104
0
59400
59400
105
100
45800
45900
106
700
32700
33400
107
6400
20600
27000
108
12100
13700
25800
109
18300
7700
26000
110
27400
4600
32000
111
37300
1500
38800
112
50700
600
51300
113
68000
200
68200
114
85900
0
85900
115
106400
0
106400
116
127900
0
127900
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.