This page reflects CGON 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 — CGON
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (10.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$14.00
±19.9%
Days to Expiry
15
Calendar days
Total Call OI
32,720
Nearest expiry
Total Put OI
13,635
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$70.36
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
$65.00
5/15/2026, 11:09:35 PM
2026-06-18
$55.00
6/18/2026, 11:09:22 PM
2026-07-17NextUpdated
$60.00
7/3/2026, 11:06:53 PM
2026-08-21
$65.00
7/3/2026, 11:06:53 PM
2026-09-18
$70.00
7/3/2026, 11:06:53 PM
2026-10-16
$50.00
7/3/2026, 11:06:53 PM
2027-01-15
$60.00
7/3/2026, 11:06:53 PM
Selected expiration: 2026-07-17 at max pain $60.00.
CGON pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
31321000
31321000
22.5
0
27918250
27918250
25
0
24516000
24516000
30
0
17711500
17711500
35
40000
10907000
10947000
40
83500
5104000
5187500
45
155000
3871000
4026000
50
239000
2650000
2889000
55
465500
1459000
1924500
60
1086500
470000
1556500
65
1917500
109500
2027000
70
3239000
10500
3249500
75
5009000
0
5009000
80
11358000
0
11358000
85
17860500
0
17860500
90
26869000
0
26869000
95
40723000
0
40723000
105
68436000
0
68436000
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.