This page reflects CAPR 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 — CAPR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $26.00 (2.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$26.00
Nearest expiry
Expected Move
±$2.10
±9.1%
Days to Expiry
15
Calendar days
Total Call OI
2,344
Nearest expiry
Total Put OI
2,531
Nearest expiry
P/C OI Ratio
1.08
Put-heavy
Spot Price
$23.21
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
$33.00
5/15/2026, 11:07:13 PM
2026-06-18
$29.00
6/18/2026, 11:08:15 PM
2026-07-17NextUpdated
$26.00
7/3/2026, 11:03:36 PM
2026-08-21
$25.00
7/3/2026, 11:03:36 PM
2026-09-18
$27.00
7/3/2026, 11:03:36 PM
2026-12-18
$20.00
7/3/2026, 11:03:36 PM
2027-01-15
$7.50
7/3/2026, 11:03:36 PM
Selected expiration: 2026-07-17 at max pain $26.00.
CAPR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
1425800
1425800
20
0
922000
922000
21
0
737100
737100
22
0
552600
552600
23
0
371100
371100
24
0
206500
206500
25
0
110500
110500
26
1400
34500
35900
27
62600
14000
76600
28
134300
6200
140500
29
217800
3200
221000
30
311800
800
312600
31
474700
400
475100
32
638000
300
638300
33
816200
200
816400
34
995600
100
995700
35
1176400
0
1176400
36
1358500
0
1358500
37
1540900
0
1540900
40
2235100
0
2235100
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.