This page reflects CB 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 — CB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $320.00 (41.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$6.45
±1.8%
Days to Expiry
15
Calendar days
Total Call OI
6,537
Nearest expiry
Total Put OI
2,336
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$361.17
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
$315.00
5/15/2026, 11:09:17 PM
2026-06-18
$325.00
6/18/2026, 11:10:22 PM
2026-07-17NextUpdated
$320.00
7/3/2026, 11:04:11 PM
2026-08-21
$330.00
7/3/2026, 11:04:11 PM
2026-09-18
$320.00
7/3/2026, 11:04:11 PM
2026-11-20
$310.00
7/3/2026, 11:04:11 PM
2026-12-18
$340.00
7/3/2026, 11:04:11 PM
2027-01-15
$320.00
7/3/2026, 11:04:11 PM
2027-03-19
$280.00
7/3/2026, 11:04:11 PM
2027-06-17
$340.00
7/3/2026, 11:04:11 PM
Selected expiration: 2026-07-17 at max pain $320.00.
CB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
265
0
11481500
11481500
270
0
10314000
10314000
275
0
9149500
9149500
280
0
7990000
7990000
285
0
6836000
6836000
290
0
5689000
5689000
295
1000
4603500
4604500
300
3000
3525500
3528500
305
8000
2471000
2479000
310
13500
1781500
1795000
315
30500
1227000
1257500
320
64500
761000
825500
325
633000
428500
1061500
330
2024500
174500
2199000
335
3600500
2500
3603000
340
5265000
0
5265000
345
7893000
0
7893000
350
10726500
0
10726500
355
13659500
0
13659500
360
16722000
0
16722000
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.