This page reflects CL 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 — CL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $81.00 (14.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$81.00
Nearest expiry
Expected Move
±$1.20
±1.3%
Days to Expiry
8
Calendar days
Total Call OI
818
Nearest expiry
Total Put OI
184
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$95.13
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
$90.00
6/26/2026, 11:08:38 PM
2026-07-02
$91.00
7/2/2026, 11:09:53 PM
2026-07-10NextUpdated
$81.00
7/3/2026, 11:08:03 PM
2026-07-17
$88.00
7/3/2026, 11:08:03 PM
2026-07-24
$90.00
7/3/2026, 11:08:03 PM
2026-07-31
$90.00
7/3/2026, 11:08:03 PM
2026-08-07
$91.00
7/3/2026, 11:08:03 PM
2026-08-21
$87.50
7/3/2026, 11:08:03 PM
2026-09-18
$92.50
7/3/2026, 11:08:03 PM
2026-11-20
$87.50
7/3/2026, 11:08:03 PM
2026-12-18
$80.00
7/3/2026, 11:08:03 PM
2027-01-15
$80.00
7/3/2026, 11:08:03 PM
2027-02-19
$85.00
7/3/2026, 11:08:03 PM
2027-03-19
$87.50
7/3/2026, 11:08:03 PM
2027-06-17
$80.00
7/3/2026, 11:08:03 PM
Selected expiration: 2026-07-10 at max pain $81.00.
CL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
619500
619500
60
1000
527500
528500
65
5500
435500
441000
70
48000
344000
392000
75
126500
252500
379000
76
142900
234200
377100
77
160000
215900
375900
78
177200
197600
374800
80
211800
161800
373600
81
229100
144300
373400
82
246400
127300
373700
83
263700
110800
374500
84
282300
95100
377400
85
300900
79800
380700
86
319500
65000
384500
87
338200
50700
388900
88
357200
37700
394900
89
376200
25300
401500
90
395600
16000
411600
91
415900
7600
423500
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.