Array Digital Infrastructure, IClose $36.24EOD only
Max Pain
$49.75
Next expiry Jul 17, 2026
Expected Move
±$16.50
45.5% from close
Price Gap
+13.51
Distance to max pain
IV Rank
15
Low premium
P/C OI
1.03
Balanced positioning
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects AD 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 — AD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $49.75 (13.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$49.75
Nearest expiry
Expected Move
±$16.50
±45.5%
Days to Expiry
15
Calendar days
Total Call OI
1,247
Nearest expiry
Total Put OI
1,276
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$36.24
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
$55.00
5/15/2026, 11:01:28 PM
2026-06-18
$55.00
6/18/2026, 11:01:36 PM
2026-07-17NextUpdated
$49.75
7/3/2026, 11:01:37 PM
2026-10-16
$50.00
7/3/2026, 11:01:37 PM
2026-12-18
$46.75
7/3/2026, 11:01:37 PM
2027-01-15
$40.00
7/3/2026, 11:01:37 PM
Selected expiration: 2026-07-17 at max pain $49.75.
AD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
11.75
0
4743950
4743950
16.75
0
4105950
4105950
22
0
3436050
3436050
27
0
2798550
2798550
35
0
1779350
1779350
36.75
0
1556750
1556750
39.75
0
1175150
1175150
41.75
0
920750
920750
44.75
7800
569150
576950
45
8450
539975
548425
46.75
13000
335925
348925
47
13650
309625
323275
49.75
21075
20600
41675
50
25000
19400
44400
51.75
52825
11175
64000
52
57875
10550
68425
54.75
113975
3950
117925
56.75
360775
3150
363925
57
391750
3100
394850
61.75
980750
2150
982900
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.