This page reflects COLM 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 — COLM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $45.00 (18.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$3.48
±5.5%
Days to Expiry
15
Calendar days
Total Call OI
3,183
Nearest expiry
Total Put OI
347
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$63.32
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
$60.00
5/15/2026, 11:08:08 PM
2026-06-18
$60.00
6/18/2026, 11:08:38 PM
2026-07-17NextUpdated
$45.00
7/3/2026, 11:06:13 PM
2026-08-21
$55.00
7/3/2026, 11:06:13 PM
2026-10-16
$45.00
7/3/2026, 11:06:13 PM
2027-01-15
$45.00
7/3/2026, 11:06:13 PM
Selected expiration: 2026-07-17 at max pain $45.00.
COLM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
898500
898500
35
500
725000
725500
40
1000
551500
552500
45
28500
379500
408000
50
794500
243500
1038000
55
2249000
122000
2371000
60
3703500
12000
3715500
65
5164500
6000
5170500
70
6649500
1000
6650500
75
8201500
500
8202000
80
9763000
0
9763000
85
11349500
0
11349500
90
12938500
0
12938500
95
14528500
0
14528500
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.