Consumer Discretionary Select Sector SPDRClose $117.12EOD only
Max Pain
$115.50
Next expiry Jul 10, 2026
Expected Move
±$4.97
4.3% from close
Price Gap
-1.62
Distance to max pain
IV Rank
9
Low premium
P/C OI
2.76
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects XLY 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 — XLY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $115.50 (1.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.50
Nearest expiry
Expected Move
±$4.97
±4.3%
Days to Expiry
8
Calendar days
Total Call OI
1,779
Nearest expiry
Total Put OI
453
Nearest expiry
P/C OI Ratio
0.25
Put-heavy
Spot Price
$117.12
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
$116.50
6/26/2026, 11:36:40 PM
2026-07-02
$115.00
7/2/2026, 11:38:24 PM
2026-07-10NextUpdated
$115.50
7/3/2026, 11:34:33 PM
2026-07-17
$117.00
7/3/2026, 11:34:33 PM
2026-07-24
$116.00
7/3/2026, 11:34:33 PM
2026-07-31
$116.00
7/3/2026, 11:34:33 PM
2026-08-07
$100.00
7/3/2026, 11:34:33 PM
2026-08-21
$115.00
7/3/2026, 11:34:33 PM
2026-09-18
$120.00
7/3/2026, 11:34:33 PM
2026-10-16
$119.00
7/3/2026, 11:34:33 PM
2026-12-18
$140.00
7/3/2026, 11:34:33 PM
2027-01-15
$120.00
7/3/2026, 11:34:33 PM
2027-03-19
$116.00
7/3/2026, 11:34:33 PM
Selected expiration: 2026-07-10 at max pain $115.50.
XLY pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
1282850
1282850
100
0
604850
604850
105
0
380850
380850
106
0
337250
337250
107
0
293850
293850
108
0
250550
250550
109
0
207350
207350
110
0
165150
165150
111
300
130950
131250
112
1100
100050
101150
112.5
1900
84750
86650
113
2700
69550
72250
113.5
3550
54650
58200
114
4400
39800
44200
114.5
6200
25300
31500
115
8000
11550
19550
115.5
11000
8150
19150
116
94900
4850
99750
116.5
178900
3600
182500
117
264450
2600
267050
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.