This page reflects CHD 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 — CHD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $95.00 (3.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$4.35
±4.4%
Days to Expiry
15
Calendar days
Total Call OI
1,755
Nearest expiry
Total Put OI
161
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$98.60
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
$95.00
5/15/2026, 11:08:21 PM
2026-06-18
$95.00
6/18/2026, 11:03:34 PM
2026-07-17NextUpdated
$95.00
7/3/2026, 11:06:54 PM
2026-08-21
$95.00
7/3/2026, 11:06:54 PM
2026-10-16
$90.00
7/3/2026, 11:06:54 PM
2026-11-20
$90.00
7/3/2026, 11:06:54 PM
2027-01-15
$80.00
7/3/2026, 11:06:54 PM
Selected expiration: 2026-07-17 at max pain $95.00.
CHD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
622500
622500
60
0
474500
474500
65
2000
401000
403000
70
5500
329500
335000
75
9000
258500
267500
80
12500
189500
202000
85
21500
123500
145000
90
45500
66500
112000
95
84500
18500
103000
100
643500
0
643500
105
1405000
0
1405000
110
2282000
0
2282000
115
3159000
0
3159000
120
4036000
0
4036000
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.