This page reflects CLF 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 — CLF
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $10.00 (0.14 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.72
±7.3%
Days to Expiry
8
Calendar days
Total Call OI
11,860
Nearest expiry
Total Put OI
6,659
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$9.86
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
$11.50
6/26/2026, 11:07:11 PM
2026-07-02
$10.00
7/2/2026, 11:08:04 PM
2026-07-10NextUpdated
$10.00
7/3/2026, 11:07:57 PM
2026-07-17
$11.00
7/3/2026, 11:07:57 PM
2026-07-24
$10.00
7/3/2026, 11:07:57 PM
2026-07-31
$10.50
7/3/2026, 11:07:57 PM
2026-08-07
$10.50
7/3/2026, 11:07:57 PM
2026-08-21
$10.00
7/3/2026, 11:07:57 PM
2026-09-18
$11.00
7/3/2026, 11:07:57 PM
2026-10-16
$11.00
7/3/2026, 11:07:57 PM
2026-12-18
$11.00
7/3/2026, 11:07:57 PM
2027-01-15
$10.00
7/3/2026, 11:07:57 PM
2027-03-19
$10.00
7/3/2026, 11:07:57 PM
2027-06-17
$12.00
7/3/2026, 11:07:57 PM
Selected expiration: 2026-07-10 at max pain $10.00.
CLF pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
3733850
3733850
5
400
3069750
3070150
6
1000
2406550
2407550
7
2100
1743350
1745450
7.5
2850
1412950
1415800
8
4000
1084800
1088800
8.5
6850
766500
773350
9
12750
545150
557900
9.5
52550
363150
415700
10
123150
226450
349600
10.5
244150
109250
353400
11
448050
61400
509450
11.5
697750
27900
725650
12
967500
13450
980950
12.5
1269000
8600
1277600
13
1598850
6050
1604900
13.5
1941850
3750
1945600
14
2300850
2700
2303550
14.5
2690850
1700
2692550
15
3123550
1350
3124900
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.