Cogent Communications Holdings,Close $12.99EOD only
Max Pain
$15.00
Next expiry Jul 17, 2026
Expected Move
±$1.85
14.2% from close
Price Gap
+2.01
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.36
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects CCOI 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 — CCOI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (2.01 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$1.85
±14.2%
Days to Expiry
15
Calendar days
Total Call OI
12,463
Nearest expiry
Total Put OI
3,050
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$12.99
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
$17.50
5/15/2026, 11:07:49 PM
2026-06-18
$15.00
6/18/2026, 11:08:15 PM
2026-07-17NextUpdated
$15.00
7/3/2026, 11:06:39 PM
2026-08-21
$15.00
7/3/2026, 11:06:39 PM
2026-09-18
$15.00
7/3/2026, 11:06:39 PM
2026-10-16
$20.00
7/3/2026, 11:06:39 PM
2026-12-18
$30.00
7/3/2026, 11:06:39 PM
2027-01-15
$15.00
7/3/2026, 11:06:39 PM
Selected expiration: 2026-07-17 at max pain $15.00.
CCOI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
3923500
3923500
5
750
3162750
3163500
7.5
1500
2403750
2405250
10
2250
1670500
1672750
12.5
19250
966250
985500
15
60250
502250
562500
17.5
343750
224000
567750
20
1043250
61000
1104250
22.5
2218500
7000
2225500
25
3518000
3000
3521000
30
8169000
1500
8170500
35
13353500
0
13353500
40
19574000
0
19574000
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.