This page reflects ACAD 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 — ACAD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $22.00 (3.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$1.60
±6.2%
Days to Expiry
15
Calendar days
Total Call OI
1,951
Nearest expiry
Total Put OI
1,137
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$25.97
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
$21.00
5/15/2026, 11:01:26 PM
2026-06-18
$22.00
6/18/2026, 11:01:19 PM
2026-07-17NextUpdated
$22.00
7/3/2026, 11:01:11 PM
2026-08-21
$20.00
7/3/2026, 11:01:11 PM
2026-09-18
$23.00
7/3/2026, 11:01:11 PM
2026-12-18
$16.00
7/3/2026, 11:01:11 PM
2027-01-15
$22.00
7/3/2026, 11:01:11 PM
Selected expiration: 2026-07-17 at max pain $22.00.
ACAD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
905000
905000
17
18300
563900
582200
18
24500
450200
474700
19
30700
336900
367600
20
36900
227200
264100
21
43100
122100
165200
22
114100
17200
131300
23
219800
13800
233600
24
348400
10900
359300
25
480800
8000
488800
26
629500
5100
634600
27
783300
3700
787000
28
938200
2400
940600
29
1094100
1200
1095300
30
1255400
0
1255400
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.