This page reflects CNX 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 — CNX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $33.00 (0.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$33.00
Nearest expiry
Expected Move
±$1.65
±4.9%
Days to Expiry
15
Calendar days
Total Call OI
2,554
Nearest expiry
Total Put OI
1,219
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$33.84
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
$38.00
5/15/2026, 11:09:57 PM
2026-06-18
$34.00
6/18/2026, 11:07:50 PM
2026-07-17NextUpdated
$33.00
7/3/2026, 11:07:25 PM
2026-08-21
$35.00
7/3/2026, 11:07:25 PM
2026-10-16
$35.00
7/3/2026, 11:07:25 PM
2026-12-18
$30.00
7/3/2026, 11:07:25 PM
2027-01-15
$31.00
7/3/2026, 11:07:25 PM
Selected expiration: 2026-07-17 at max pain $33.00.
CNX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
762800
762800
26
0
641300
641300
28
0
467700
467700
29
0
381500
381500
30
0
296400
296400
31
5100
217800
222900
32
10400
154700
165100
33
24800
106800
131600
34
92600
69000
161600
35
186600
43900
230500
36
298500
27600
326100
37
413900
15700
429600
38
531900
11900
543800
39
664300
8700
673000
40
800400
5600
806000
41
978500
2800
981300
42
1157400
0
1157400
43
1339400
0
1339400
44
1537300
0
1537300
45
1758100
0
1758100
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.