This page reflects XP 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 — XP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $16.00 (0.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$0.75
±4.6%
Days to Expiry
8
Calendar days
Total Call OI
200
Nearest expiry
Total Put OI
542
Nearest expiry
P/C OI Ratio
2.71
Put-heavy
Spot Price
$16.16
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
$16.00
6/26/2026, 11:35:30 PM
2026-07-02
$16.00
7/2/2026, 11:37:43 PM
2026-07-10NextUpdated
$16.00
7/3/2026, 11:34:45 PM
2026-07-17
$17.00
7/3/2026, 11:34:45 PM
2026-07-24
$16.00
7/3/2026, 11:34:45 PM
2026-07-31
$16.00
7/3/2026, 11:34:45 PM
2026-08-21
$18.00
7/3/2026, 11:34:45 PM
2026-11-20
$16.00
7/3/2026, 11:34:45 PM
2027-01-15
$17.00
7/3/2026, 11:34:45 PM
2027-02-19
$18.00
7/3/2026, 11:34:45 PM
Selected expiration: 2026-07-10 at max pain $16.00.
XP pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
524550
524550
7
0
470350
470350
10.5
350
280650
281000
13
850
145150
146000
14
1050
91050
92100
14.5
1150
64300
65450
15
1250
37750
39000
15.5
1400
18950
20350
16
1550
700
2250
16.5
1750
500
2250
17
2300
300
2600
17.5
6800
250
7050
18.5
16700
150
16850
20
46700
0
46700
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.