This page reflects COCO 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 — COCO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $65.00 (1.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$7.10
±10.7%
Days to Expiry
15
Calendar days
Total Call OI
1,980
Nearest expiry
Total Put OI
1,479
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$66.16
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
$45.00
5/15/2026, 11:09:46 PM
2026-06-18
$65.00
6/18/2026, 11:11:48 PM
2026-07-17NextUpdated
$65.00
7/3/2026, 11:09:17 PM
2026-08-21
$80.00
7/3/2026, 11:09:17 PM
2026-10-16
$65.00
7/3/2026, 11:09:17 PM
2026-12-18
$40.00
7/3/2026, 11:09:17 PM
2027-01-15
$65.00
7/3/2026, 11:09:17 PM
Selected expiration: 2026-07-17 at max pain $65.00.
COCO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
6447000
6447000
25
0
6078000
6078000
30
5000
5342500
5347500
35
41000
4609000
4650000
40
77000
3894500
3971500
45
114500
3211500
3326000
50
154000
2602000
2756000
55
202500
1999500
2202000
60
260000
1401500
1661500
65
806000
813500
1619500
70
1360000
260000
1620000
75
2005500
55000
2060500
80
2700500
20000
2720500
85
3461500
500
3462000
90
4391500
0
4391500
95
5372000
0
5372000
100
6360500
0
6360500
105
7350000
0
7350000
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.