This page reflects CACI 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 — CACI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $480.00 (22.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$480.00
Nearest expiry
Expected Move
±$30.20
±6.0%
Days to Expiry
15
Calendar days
Total Call OI
128
Nearest expiry
Total Put OI
113
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$502.83
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
$500.00
5/15/2026, 11:08:15 PM
2026-06-18
$510.00
6/18/2026, 11:08:12 PM
2026-07-17NextUpdated
$480.00
7/3/2026, 11:03:58 PM
2026-08-21
$450.00
7/3/2026, 11:03:58 PM
2026-09-18
$530.00
7/3/2026, 11:03:58 PM
2026-12-18
$540.00
7/3/2026, 11:03:58 PM
Selected expiration: 2026-07-17 at max pain $480.00.
CACI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
390
0
767000
767000
400
0
654000
654000
410
0
547000
547000
420
0
445000
445000
440
0
257000
257000
450
7000
198000
205000
460
18000
148000
166000
470
33000
103000
136000
480
51000
77000
128000
490
75000
57000
132000
500
113000
40000
153000
510
166000
24000
190000
520
222000
17000
239000
530
288000
12000
300000
540
367000
8000
375000
550
451000
4000
455000
560
551000
0
551000
570
654000
0
654000
580
760000
0
760000
590
878000
0
878000
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.