This page reflects CAG 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 — CAG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $14.00 (0.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$0.50
±3.5%
Days to Expiry
8
Calendar days
Total Call OI
5,401
Nearest expiry
Total Put OI
2,086
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$14.34
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
$13.00
6/26/2026, 11:03:55 PM
2026-07-02
$13.50
7/2/2026, 11:08:22 PM
2026-07-10NextUpdated
$14.00
7/3/2026, 11:06:30 PM
2026-07-17
$14.00
7/3/2026, 11:06:30 PM
2026-07-24
$13.00
7/3/2026, 11:06:30 PM
2026-07-31
$13.50
7/3/2026, 11:06:30 PM
2026-08-07
$14.00
7/3/2026, 11:06:30 PM
2026-08-21
$14.00
7/3/2026, 11:06:30 PM
2026-09-18
$15.00
7/3/2026, 11:06:30 PM
2026-12-18
$14.00
7/3/2026, 11:06:30 PM
2027-01-15
$15.00
7/3/2026, 11:06:30 PM
Selected expiration: 2026-07-10 at max pain $14.00.
CAG pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
8.5
0
923050
923050
9
100
818750
818850
9.5
300
714450
714750
10.5
700
505850
506550
11
900
401600
402500
11.5
1250
297650
298900
12
1600
202250
203850
12.5
2000
128600
130600
13
4050
73000
77050
13.5
6450
32700
39150
14
31850
1300
33150
14.5
85550
600
86150
15
254850
300
255150
15.5
523600
100
523700
16
793550
0
793550
17.5
1603700
0
1603700
19
2413850
0
2413850
20
2953950
0
2953950
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.