This page reflects CG 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 — CG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $47.50 (4.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$3.07
±7.2%
Days to Expiry
15
Calendar days
Total Call OI
4,693
Nearest expiry
Total Put OI
2,158
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$42.83
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
$50.00
5/15/2026, 11:07:34 PM
2026-06-18
$45.00
6/18/2026, 11:07:24 PM
2026-07-17NextUpdated
$47.50
7/3/2026, 11:06:29 PM
2026-08-21
$40.00
7/3/2026, 11:06:29 PM
2026-09-18
$42.50
7/3/2026, 11:06:29 PM
2026-12-18
$42.50
7/3/2026, 11:06:29 PM
2027-01-15
$55.00
7/3/2026, 11:06:29 PM
Selected expiration: 2026-07-17 at max pain $47.50.
CG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
2789500
2789500
32.5
0
2250000
2250000
35
250
1716500
1716750
37.5
1000
1202500
1203500
40
3250
775000
778250
42.5
51750
416750
468500
45
135500
159750
295250
47.5
275250
3500
278750
50
1180000
0
1180000
52.5
2149500
0
2149500
55
3293750
0
3293750
57.5
4446500
0
4446500
60
5607500
0
5607500
65
7953500
0
7953500
70
10300000
0
10300000
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.