Consumer Staples Select Sector SPDRClose $84.99EOD only
Max Pain
$83.50
Next expiry Jul 10, 2026
Expected Move
±$1.35
1.6% from close
Price Gap
-1.49
Distance to max pain
IV Rank
6
Low premium
P/C OI
2.89
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects XLP 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 — XLP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $83.50 (1.49 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$83.50
Nearest expiry
Expected Move
±$1.35
±1.6%
Days to Expiry
8
Calendar days
Total Call OI
2,616
Nearest expiry
Total Put OI
2,048
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$84.99
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
$84.00
6/26/2026, 11:34:30 PM
2026-07-02
$83.50
7/2/2026, 11:37:40 PM
2026-07-10NextUpdated
$83.50
7/3/2026, 11:34:39 PM
2026-07-17
$84.00
7/3/2026, 11:34:39 PM
2026-07-24
$84.50
7/3/2026, 11:34:39 PM
2026-07-31
$84.00
7/3/2026, 11:34:39 PM
2026-08-07
$84.00
7/3/2026, 11:34:39 PM
2026-08-21
$85.00
7/3/2026, 11:34:39 PM
2026-09-18
$84.00
7/3/2026, 11:34:39 PM
2026-12-18
$85.00
7/3/2026, 11:34:39 PM
2027-01-15
$83.00
7/3/2026, 11:34:39 PM
2027-03-19
$83.00
7/3/2026, 11:34:39 PM
2027-06-17
$86.00
7/3/2026, 11:34:39 PM
Selected expiration: 2026-07-10 at max pain $83.50.
XLP pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
6568150
6568150
75
0
1460650
1460650
76
0
1257750
1257750
77
0
1056350
1056350
78
0
866450
866450
79
0
678850
678850
79.5
0
588250
588250
80
0
501450
501450
80.5
0
419600
419600
81
50
350050
350100
81.5
100
286550
286650
82
650
225650
226300
82.5
2300
169350
171650
83
4250
117900
122150
83.5
18350
71650
90000
84
59800
30750
90550
84.5
143350
16150
159500
85
232000
7650
239650
85.5
329450
1650
331100
86
434950
0
434950
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.