This page reflects COKE 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 — COKE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $180.00 (15.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$10.65
±5.4%
Days to Expiry
15
Calendar days
Total Call OI
390
Nearest expiry
Total Put OI
3,280
Nearest expiry
P/C OI Ratio
8.41
Put-heavy
Spot Price
$195.63
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
$195.00
5/15/2026, 11:11:58 PM
2026-06-18
$165.00
6/18/2026, 11:08:42 PM
2026-07-17NextUpdated
$180.00
7/3/2026, 11:08:03 PM
2026-08-21
$195.00
7/3/2026, 11:08:03 PM
2026-09-18
$170.00
7/3/2026, 11:08:03 PM
2026-12-18
$175.00
7/3/2026, 11:08:03 PM
Selected expiration: 2026-07-17 at max pain $180.00.
COKE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
9848000
9848000
150
0
6573000
6573000
155
500
4947000
4947500
160
1000
3327500
3328500
165
1500
1711500
1713000
170
3000
106500
109500
175
7000
65500
72500
180
18000
33000
51000
185
38000
16000
54000
190
72000
4000
76000
195
130500
1000
131500
200
244000
0
244000
210
596000
0
596000
220
963000
0
963000
230
1335000
0
1335000
240
1710000
0
1710000
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.