This page reflects XYL 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 — XYL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $115.00 (3.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$5.05
±4.3%
Days to Expiry
15
Calendar days
Total Call OI
5,447
Nearest expiry
Total Put OI
2,022
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$118.12
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
$120.00
5/15/2026, 11:48:38 PM
2026-06-18
$110.00
6/18/2026, 11:38:27 PM
2026-07-17NextUpdated
$115.00
7/3/2026, 11:34:02 PM
2026-08-21
$115.00
7/3/2026, 11:34:02 PM
2026-09-18
$115.00
7/3/2026, 11:34:02 PM
2026-10-16
$120.00
7/3/2026, 11:34:02 PM
2026-12-18
$130.00
7/3/2026, 11:34:02 PM
2027-01-15
$95.00
7/3/2026, 11:34:02 PM
Selected expiration: 2026-07-17 at max pain $115.00.
XYL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
5867500
5867500
85
1000
4859000
4860000
90
2000
3852000
3854000
95
3000
2846000
2849000
100
14500
1849500
1864000
105
28500
939500
968000
110
43500
389500
433000
115
189000
65000
254000
120
456500
26000
482500
125
1036000
5000
1041000
130
1851500
0
1851500
135
4322000
0
4322000
140
6812000
0
6812000
145
9348500
0
9348500
150
11899000
0
11899000
155
14607500
0
14607500
160
17316000
0
17316000
165
20034500
0
20034500
175
25480500
0
25480500
190
33651000
0
33651000
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.