thetaOwl

ADBE

Adobe Inc.Close $219.72EOD only
Max Pain
$207.50
Next expiry Jul 10, 2026
Expected Move
±$10.53
4.8% from close
Price Gap
-12.22
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.56
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects ADBE 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 — ADBE
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-10 shows max pain at $207.50 (12.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$207.50
Nearest expiry
Expected Move
±$10.53
±4.8%
Days to Expiry
8
Calendar days
Total Call OI
15,640
Nearest expiry
Total Put OI
7,206
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$219.72
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-10
ExpirationMax Pain StrikeLast Updated
2026-06-26$195.006/26/2026, 11:01:54 PM
2026-07-02$202.507/2/2026, 11:01:41 PM
2026-07-10NextUpdated$207.507/3/2026, 11:01:58 PM
2026-07-17$202.507/3/2026, 11:01:58 PM
2026-07-24$205.007/3/2026, 11:01:58 PM
2026-07-31$195.007/3/2026, 11:01:58 PM
2026-08-07$195.007/3/2026, 11:01:58 PM
2026-08-21$220.007/3/2026, 11:01:58 PM
2026-09-18$250.007/3/2026, 11:01:58 PM
2026-10-16$225.007/3/2026, 11:01:58 PM
2026-11-20$240.007/3/2026, 11:01:58 PM
2026-12-18$240.007/3/2026, 11:01:58 PM
2027-01-15$270.007/3/2026, 11:01:58 PM
2027-02-19$230.007/3/2026, 11:01:58 PM
2027-03-19$240.007/3/2026, 11:01:58 PM
2027-06-17$260.007/3/2026, 11:01:58 PM
Selected expiration: 2026-07-10 at max pain $207.50.
ADBE pain by strike for 2026-07-10 expiration
StrikeCall PainPut PainTotal Pain
13503932975039329750
14003572775035727750
14555003212625032131750
150165002852575028542250
155315002501975025051250
160625002151775021580250
165990001805875018157750
1701355001468225014817750
172.51562501305550013211750
1751770001143000011607000
177.5211500985950010071000
18024600082897508535750
182.529350074062507699750
18534100065250006866000
187.539675057160006112750
19045400049297505383750
192.556375042417504805500
19571950035720004291500
197.589275030502503943000
200107075025637503634500
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.