This page reflects CEVA 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 — CEVA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $45.00 (4.58 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$7.15
±17.7%
Days to Expiry
15
Calendar days
Total Call OI
7,043
Nearest expiry
Total Put OI
2,378
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$40.42
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
$30.00
5/15/2026, 11:03:45 PM
2026-06-18
$35.00
6/18/2026, 11:10:40 PM
2026-07-17NextUpdated
$45.00
7/3/2026, 11:03:30 PM
2026-08-21
$50.00
7/3/2026, 11:03:30 PM
2026-09-18
$30.00
7/3/2026, 11:03:30 PM
2026-11-20
$40.00
7/3/2026, 11:03:30 PM
2026-12-18
$30.00
7/3/2026, 11:03:30 PM
Selected expiration: 2026-07-17 at max pain $45.00.
CEVA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
5093250
5093250
22.5
10000
4501250
4511250
25
20000
3910000
3930000
30
40000
2734500
2774500
35
83000
1646500
1729500
40
154500
805500
960000
45
295500
300500
596000
50
951500
41000
992500
55
3073000
19500
3092500
60
5630000
9500
5639500
65
8579000
1500
8580500
70
11800500
0
11800500
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.