This page reflects CDE 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 — CDE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $16.00 (1.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$1.25
±7.2%
Days to Expiry
8
Calendar days
Total Call OI
10,348
Nearest expiry
Total Put OI
4,476
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$17.30
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
$17.00
6/26/2026, 11:07:26 PM
2026-07-02
$16.50
7/2/2026, 11:07:34 PM
2026-07-10NextUpdated
$16.00
7/3/2026, 11:06:47 PM
2026-07-17
$17.00
7/3/2026, 11:06:47 PM
2026-07-24
$17.50
7/3/2026, 11:06:47 PM
2026-07-31
$16.00
7/3/2026, 11:06:47 PM
2026-08-07
$16.00
7/3/2026, 11:06:47 PM
2026-08-21
$17.50
7/3/2026, 11:06:47 PM
2026-09-18
$17.50
7/3/2026, 11:06:47 PM
2026-11-20
$15.00
7/3/2026, 11:06:47 PM
2026-12-18
$17.50
7/3/2026, 11:06:47 PM
2027-01-15
$10.00
7/3/2026, 11:06:47 PM
Selected expiration: 2026-07-10 at max pain $16.00.
CDE pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
6268000
6268000
5
250
5149000
5149250
7.5
500
4030000
4030500
10
1250
2911000
2912250
11
1750
2463400
2465150
12
2350
2015900
2018250
12.5
2700
1792150
1794850
13
3250
1568400
1571650
13.5
3800
1345350
1349150
14
4350
1123200
1127550
14.5
6550
904050
910600
15
15300
691050
706350
15.5
48400
489000
537400
16
90350
299000
389350
16.5
256650
177050
433700
17
436500
124250
560750
17.5
643500
81200
724700
18
875300
54800
930100
18.5
1123850
34850
1158700
19
1387450
19450
1406900
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.