This page reflects CARR 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 — CARR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $72.00 (1.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$72.00
Nearest expiry
Expected Move
±$2.75
±3.9%
Days to Expiry
8
Calendar days
Total Call OI
740
Nearest expiry
Total Put OI
6,892
Nearest expiry
P/C OI Ratio
9.31
Put-heavy
Spot Price
$70.07
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
$70.00
6/26/2026, 11:03:38 PM
2026-07-02
$72.00
7/2/2026, 11:03:45 PM
2026-07-10NextUpdated
$72.00
7/3/2026, 11:03:55 PM
2026-07-17
$72.00
7/3/2026, 11:03:55 PM
2026-07-24
$68.00
7/3/2026, 11:03:55 PM
2026-07-31
$74.00
7/3/2026, 11:03:55 PM
2026-08-21
$75.00
7/3/2026, 11:03:55 PM
2026-09-18
$65.00
7/3/2026, 11:03:55 PM
2026-12-18
$67.50
7/3/2026, 11:03:55 PM
2027-01-15
$62.50
7/3/2026, 11:03:55 PM
2027-03-19
$60.00
7/3/2026, 11:03:55 PM
2027-06-17
$60.00
7/3/2026, 11:03:55 PM
Selected expiration: 2026-07-10 at max pain $72.00.
CARR pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
54
0
2338950
2338950
55
0
1649850
1649850
57
0
271650
271650
60
300
214350
214650
61
700
195350
196050
63
1500
157950
159450
65
3700
121750
125450
66
4900
104250
109150
67
6100
86750
92850
68.5
7900
62000
69900
69
8500
54050
62550
69.5
9450
46450
55900
70
10400
39100
49500
71
16900
26300
43200
72
23600
15100
38700
73
31500
11100
42600
74
39500
7300
46800
75
48000
3600
51600
76
100700
1200
101900
77
155200
500
155700
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.