This page reflects XPEL 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 — XPEL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $42.50 (6.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$2.80
±5.8%
Days to Expiry
15
Calendar days
Total Call OI
695
Nearest expiry
Total Put OI
217
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$48.52
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$45.00
5/15/2026, 11:48:23 PM
2026-06-18
$45.00
6/18/2026, 11:34:05 PM
2026-07-17NextUpdated
$42.50
7/3/2026, 11:34:21 PM
2026-08-21
$47.50
7/3/2026, 11:34:21 PM
2026-10-16
$35.00
7/3/2026, 11:34:21 PM
2027-01-15
$42.50
7/3/2026, 11:34:21 PM
Selected expiration: 2026-07-17 at max pain $42.50.
XPEL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
377000
377000
25
0
323000
323000
27.5
2250
269250
271500
30
5250
215500
220750
32.5
8250
162250
170500
35
11250
109750
121000
37.5
16000
70250
86250
40
21000
35000
56000
42.5
43250
1500
44750
45
66000
0
66000
47.5
90750
0
90750
50
143250
0
143250
52.5
259000
0
259000
55
375750
0
375750
60
662250
0
662250
62.5
833250
0
833250
65
1004250
0
1004250
70
1350250
0
1350250
75
1696750
0
1696750
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.