This page reflects ZS 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 — ZS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $135.00 (12.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$9.82
±6.7%
Days to Expiry
8
Calendar days
Total Call OI
5,945
Nearest expiry
Total Put OI
3,857
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$147.33
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
$127.00
6/26/2026, 11:35:46 PM
2026-07-02
$135.00
7/2/2026, 11:38:29 PM
2026-07-10NextUpdated
$135.00
7/3/2026, 11:31:31 PM
2026-07-17
$130.00
7/3/2026, 11:31:31 PM
2026-07-24
$131.00
7/3/2026, 11:31:31 PM
2026-07-31
$120.00
7/3/2026, 11:31:31 PM
2026-08-07
$126.00
7/3/2026, 11:31:31 PM
2026-08-21
$140.00
7/3/2026, 11:31:31 PM
2026-09-18
$155.00
7/3/2026, 11:31:31 PM
2026-11-20
$135.00
7/3/2026, 11:31:31 PM
2026-12-18
$175.00
7/3/2026, 11:31:31 PM
2027-01-15
$165.00
7/3/2026, 11:31:31 PM
2027-02-19
$130.00
7/3/2026, 11:31:31 PM
2027-03-19
$140.00
7/3/2026, 11:31:31 PM
2027-06-17
$150.00
7/3/2026, 11:31:31 PM
Selected expiration: 2026-07-10 at max pain $135.00.
ZS pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
14312200
14312200
95
10500
12385700
12396200
100
22000
10459700
10481700
101
25100
10083400
10108500
102
28200
9707300
9735500
103
31300
9331300
9362600
104
34400
8955400
8989800
105
37500
8579700
8617200
106
41600
8209500
8251100
107
45700
7840000
7885700
108
49800
7470800
7520600
109
53900
7102000
7155900
110
58000
6733600
6791600
111
64300
6372200
6436500
112
70600
6012400
6083000
113
76900
5655100
5732000
114
83300
5301200
5384500
115
90600
4956700
5047300
116
100100
4621300
4721400
117
109700
4291300
4401000
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.