This page reflects CAH 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 — CAH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $220.00 (18.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$2.65
±1.1%
Days to Expiry
8
Calendar days
Total Call OI
635
Nearest expiry
Total Put OI
25
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$238.94
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
$225.00
6/26/2026, 11:03:50 PM
2026-07-02
$235.00
7/2/2026, 11:03:39 PM
2026-07-10NextUpdated
$220.00
7/3/2026, 11:06:32 PM
2026-07-17
$220.00
7/3/2026, 11:06:32 PM
2026-07-24
$235.00
7/3/2026, 11:06:32 PM
2026-07-31
$210.00
7/3/2026, 11:06:32 PM
2026-08-07
$220.00
7/3/2026, 11:06:32 PM
2026-08-21
$220.00
7/3/2026, 11:06:32 PM
2026-09-18
$200.00
7/3/2026, 11:06:32 PM
2026-12-18
$190.00
7/3/2026, 11:06:32 PM
2027-01-15
$195.00
7/3/2026, 11:06:32 PM
2027-03-19
$210.00
7/3/2026, 11:06:32 PM
2027-06-17
$210.00
7/3/2026, 11:06:32 PM
Selected expiration: 2026-07-10 at max pain $220.00.
CAH pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
152500
152500
170
0
92500
92500
185
0
58000
58000
190
0
47000
47000
195
0
36500
36500
200
0
26500
26500
205
0
16500
16500
210
0
9500
9500
215
0
3500
3500
217.5
750
1500
2250
220
1500
0
1500
222.5
3500
0
3500
225
6500
0
6500
230
19000
0
19000
232.5
28000
0
28000
235
37250
0
37250
237.5
131750
0
131750
240
233750
0
233750
242.5
355250
0
355250
245
483750
0
483750
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.