This page reflects CI 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 — CI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $280.00 (7.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$5.40
±1.9%
Days to Expiry
8
Calendar days
Total Call OI
943
Nearest expiry
Total Put OI
309
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$287.77
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$285.00
6/26/2026, 11:08:23 PM
2026-07-02
$280.00
7/2/2026, 11:10:13 PM
2026-07-10NextUpdated
$280.00
7/3/2026, 11:08:01 PM
2026-07-17
$260.00
7/3/2026, 11:08:01 PM
2026-07-24
$240.00
7/3/2026, 11:08:01 PM
2026-07-31
$275.00
7/3/2026, 11:08:01 PM
2026-08-21
$280.00
7/3/2026, 11:08:01 PM
2026-09-18
$270.00
7/3/2026, 11:08:01 PM
2026-10-16
$280.00
7/3/2026, 11:08:01 PM
2026-12-18
$280.00
7/3/2026, 11:08:01 PM
2027-01-15
$180.00
7/3/2026, 11:08:01 PM
2027-03-19
$280.00
7/3/2026, 11:08:01 PM
2027-06-17
$280.00
7/3/2026, 11:08:01 PM
Selected expiration: 2026-07-10 at max pain $280.00.
CI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
195
0
2346250
2346250
200
0
2192750
2192750
205
2000
2040250
2042250
210
6000
1888750
1894750
215
10000
1739250
1749250
220
17000
1590750
1607750
225
26000
1445250
1471250
230
37500
1302750
1340250
235
53500
1164250
1217750
240
73000
1028750
1101750
245
93000
894250
987250
250
113000
760750
873750
260
153000
494750
647750
265
173000
367250
540250
270
193000
242250
435250
275
213000
125250
338250
277.5
225000
71750
296750
280
246250
21500
267750
282.5
288250
14000
302250
285
333750
6500
340250
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.