This page reflects CHEF 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 — CHEF
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (10.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$2.10
±2.2%
Days to Expiry
15
Calendar days
Total Call OI
152
Nearest expiry
Total Put OI
286
Nearest expiry
P/C OI Ratio
1.88
Put-heavy
Spot Price
$95.62
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
$80.00
5/15/2026, 11:08:23 PM
2026-06-18
$95.00
6/18/2026, 11:07:36 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:06:57 PM
2026-08-21
$100.00
7/3/2026, 11:06:57 PM
2026-10-16
$50.00
7/3/2026, 11:06:57 PM
2027-01-15
$80.00
7/3/2026, 11:06:57 PM
Selected expiration: 2026-07-17 at max pain $85.00.
CHEF pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1007500
1007500
35
0
869000
869000
40
0
731000
731000
45
0
593000
593000
50
0
456000
456000
60
1000
339000
340000
65
1500
283500
285000
70
8500
228500
237000
75
33500
175500
209000
80
60000
131000
191000
85
101000
89000
190000
90
150000
55000
205000
95
226000
22000
248000
100
302000
0
302000
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.