This page reflects CIFR 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 — CIFR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $25.00 (4.96 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$2.70
±13.5%
Days to Expiry
8
Calendar days
Total Call OI
18,263
Nearest expiry
Total Put OI
28,310
Nearest expiry
P/C OI Ratio
1.55
Put-heavy
Spot Price
$20.04
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
$26.00
6/26/2026, 11:07:10 PM
2026-07-02
$24.00
7/2/2026, 11:09:32 PM
2026-07-10NextUpdated
$25.00
7/3/2026, 11:07:57 PM
2026-07-17
$22.00
7/3/2026, 11:07:57 PM
2026-07-24
$24.50
7/3/2026, 11:07:57 PM
2026-07-31
$25.00
7/3/2026, 11:07:57 PM
2026-08-07
$24.50
7/3/2026, 11:07:57 PM
2026-08-21
$25.00
7/3/2026, 11:07:57 PM
2026-09-18
$20.00
7/3/2026, 11:07:57 PM
2026-10-16
$32.00
7/3/2026, 11:07:57 PM
2026-11-20
$18.00
7/3/2026, 11:07:57 PM
2026-12-18
$15.00
7/3/2026, 11:07:57 PM
2027-01-15
$15.00
7/3/2026, 11:07:57 PM
Selected expiration: 2026-07-10 at max pain $25.00.
CIFR pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
32422150
32422150
13
400
29591150
29591550
14
1000
26760150
26761150
15
1900
23933150
23935050
16
3200
21116850
21120050
17
4500
18313350
18317850
18
21100
15534250
15555350
18.5
37250
14157050
14194300
19
53400
12783050
12836450
19.5
69850
11450500
11520350
20
91450
10127700
10219150
20.5
113500
8865200
8978700
21
157500
7612850
7770350
21.5
203900
6382450
6586350
22
252350
5157250
5409600
22.5
309400
3947250
4256650
23
390400
2748100
3138500
23.5
496550
2094950
2591500
24
623700
1458500
2082200
24.5
765650
843650
1609300
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.