This page reflects XPO 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 — XPO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $210.00 (3.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$13.70
±6.6%
Days to Expiry
15
Calendar days
Total Call OI
818
Nearest expiry
Total Put OI
2,614
Nearest expiry
P/C OI Ratio
3.20
Put-heavy
Spot Price
$206.33
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
$190.00
5/15/2026, 11:46:43 PM
2026-06-18
$180.00
6/18/2026, 11:38:38 PM
2026-07-17NextUpdated
$210.00
7/3/2026, 11:31:59 PM
2026-08-21
$190.00
7/3/2026, 11:31:59 PM
2026-09-18
$190.00
7/3/2026, 11:31:59 PM
2026-11-20
$220.00
7/3/2026, 11:31:59 PM
2026-12-18
$165.00
7/3/2026, 11:31:59 PM
2027-01-15
$135.00
7/3/2026, 11:31:59 PM
2027-03-19
$230.00
7/3/2026, 11:31:59 PM
Selected expiration: 2026-07-17 at max pain $210.00.
XPO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
22221000
22221000
115
0
18301500
18301500
125
3000
15689500
15692500
130
5500
14383500
14389000
135
8000
13078000
13086000
140
10500
11772500
11783000
145
13500
10467000
10480500
150
16500
9161500
9178000
155
20000
7856000
7876000
160
24000
6551000
6575000
165
29000
5625500
5654500
170
49000
4706500
4755500
175
70000
3806000
3876000
180
136500
3007000
3143500
185
211000
2376500
2587500
190
295500
1763000
2058500
195
396000
1174000
1570000
200
512500
604000
1116500
210
763500
317000
1080500
220
1123500
71000
1194500
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.