This page reflects COGT 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 — COGT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $31.00 (7.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.00
Nearest expiry
Expected Move
±$1.45
±3.8%
Days to Expiry
15
Calendar days
Total Call OI
2,015
Nearest expiry
Total Put OI
192
Nearest expiry
P/C OI Ratio
0.10
Put-heavy
Spot Price
$38.69
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
$39.00
5/15/2026, 11:11:29 PM
2026-06-18
$33.00
6/18/2026, 11:08:26 PM
2026-07-17NextUpdated
$31.00
7/3/2026, 11:07:34 PM
2026-08-21
$37.00
7/3/2026, 11:07:34 PM
2026-11-20
$34.00
7/3/2026, 11:07:34 PM
2027-01-15
$30.00
7/3/2026, 11:07:34 PM
2027-02-19
$26.00
7/3/2026, 11:07:34 PM
Selected expiration: 2026-07-17 at max pain $31.00.
COGT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
123100
123100
27
4200
85100
89300
28
6300
66200
72500
29
8400
47700
56100
30
10500
29900
40400
31
12700
19700
32400
32
25200
10000
35200
33
39000
3400
42400
34
52900
1500
54400
35
67900
400
68300
36
83700
0
83700
37
115400
0
115400
38
147800
0
147800
39
181100
0
181100
40
215500
0
215500
41
392600
0
392600
43
753800
0
753800
45
1116200
0
1116200
50
2059700
0
2059700
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.