This page reflects CIB 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 — CIB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $75.00 (4.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$4.18
±5.3%
Days to Expiry
15
Calendar days
Total Call OI
1,983
Nearest expiry
Total Put OI
699
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$79.15
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, 11:09:38 PM
2026-06-18
$67.50
6/18/2026, 11:07:57 PM
2026-07-17NextUpdated
$75.00
7/3/2026, 11:08:06 PM
2026-08-21
$77.50
7/3/2026, 11:08:06 PM
2026-09-18
$80.00
7/3/2026, 11:08:06 PM
2026-11-20
$72.50
7/3/2026, 11:08:06 PM
2026-12-18
$72.50
7/3/2026, 11:08:06 PM
2027-03-19
$60.00
7/3/2026, 11:08:06 PM
Selected expiration: 2026-07-17 at max pain $75.00.
CIB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
1591500
1591500
50
250
1417000
1417250
52.5
500
1247500
1248000
55
750
1080500
1081250
57.5
1000
917000
918000
60
1750
774500
776250
62.5
2500
637750
640250
65
3250
501250
504500
67.5
4750
366000
370750
70
6250
250500
256750
72.5
24000
140750
164750
75
54250
81250
135500
77.5
148000
51750
199750
80
281750
23750
305500
82.5
497750
5750
503500
85
782500
250
782750
87.5
1123500
0
1123500
90
1526500
0
1526500
92.5
2018000
0
2018000
95
2511000
0
2511000
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.