This page reflects CDNS 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 — CDNS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $385.00 (11.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$385.00
Nearest expiry
Expected Move
±$21.10
±5.7%
Days to Expiry
8
Calendar days
Total Call OI
713
Nearest expiry
Total Put OI
1,214
Nearest expiry
P/C OI Ratio
1.70
Put-heavy
Spot Price
$373.14
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
$375.00
6/26/2026, 11:08:00 PM
2026-07-02
$380.00
7/2/2026, 11:07:58 PM
2026-07-10NextUpdated
$385.00
7/3/2026, 11:08:25 PM
2026-07-17
$365.00
7/3/2026, 11:08:25 PM
2026-07-24
$375.00
7/3/2026, 11:08:25 PM
2026-07-31
$385.00
7/3/2026, 11:08:25 PM
2026-08-07
$345.00
7/3/2026, 11:08:25 PM
2026-08-21
$370.00
7/3/2026, 11:08:25 PM
2026-09-18
$370.00
7/3/2026, 11:08:25 PM
2026-11-20
$350.00
7/3/2026, 11:08:25 PM
2026-12-18
$340.00
7/3/2026, 11:08:25 PM
2027-01-15
$350.00
7/3/2026, 11:08:25 PM
2027-03-19
$340.00
7/3/2026, 11:08:25 PM
Selected expiration: 2026-07-10 at max pain $385.00.
CDNS pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
20435500
20435500
195
500
19828500
19829000
205
2500
18614500
18617000
210
4000
18007500
18011500
215
6500
17400500
17407000
240
31500
14365500
14397000
250
42500
13151500
13194000
255
48500
12544500
12593000
260
54500
11938000
11992500
265
75500
11331500
11407000
270
97000
10725000
10822000
275
125500
10118500
10244000
290
214000
8299000
8513000
295
244000
7702000
7946000
300
274000
7106500
7380500
305
305000
6518000
6823000
310
336000
5935000
6271000
315
367000
5356000
5723000
320
398500
4791000
5189500
325
430000
4232500
4662500
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.