Health Care Select Sector SPDRClose $163.74EOD only
Max Pain
$155.00
Next expiry Jul 10, 2026
Expected Move
±$4.56
2.8% from close
Price Gap
-8.74
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
1.40
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects XLV 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 — XLV
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $155.00 (8.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$4.56
±2.8%
Days to Expiry
8
Calendar days
Total Call OI
5,642
Nearest expiry
Total Put OI
2,857
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$163.74
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
$151.00
6/26/2026, 11:35:34 PM
2026-07-02
$154.00
7/2/2026, 11:38:23 PM
2026-07-10NextUpdated
$155.00
7/3/2026, 11:33:02 PM
2026-07-17
$153.00
7/3/2026, 11:33:02 PM
2026-07-24
$152.00
7/3/2026, 11:33:02 PM
2026-07-31
$154.00
7/3/2026, 11:33:02 PM
2026-08-07
$160.00
7/3/2026, 11:33:02 PM
2026-08-21
$155.00
7/3/2026, 11:33:02 PM
2026-09-18
$153.00
7/3/2026, 11:33:02 PM
2026-12-18
$145.00
7/3/2026, 11:33:02 PM
2027-01-15
$148.00
7/3/2026, 11:33:02 PM
2027-03-19
$150.00
7/3/2026, 11:33:02 PM
Selected expiration: 2026-07-10 at max pain $155.00.
XLV pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
19766000
19766000
90
16500
18337500
18354000
125
247500
8338000
8585500
130
280500
6910000
7190500
135
313500
5482500
5796000
136
320100
5198000
5518100
137
326700
4916300
5243000
139
339900
4359700
4699600
140
346500
4082800
4429300
141
353100
3807600
4160700
142
359700
3533200
3892900
143
366300
3260000
3626300
144
377800
2988700
3366500
144.5
383600
2854700
3238300
145
389400
2721250
3110650
145.5
395200
2589250
2984450
146
401000
2457700
2858700
146.5
406850
2327300
2734150
147
412750
2204700
2617450
147.5
418700
2084800
2503500
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.