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COP

ConocoPhillipsClose $104.73EOD only
Max Pain
$104.00
Next expiry Jul 10, 2026
Expected Move
±$3.56
3.4% from close
Price Gap
-0.73
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.64
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects COP 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 — COP
Data as of market close Jul 2, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-07-10 shows max pain at $104.00 (0.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$104.00
Nearest expiry
Expected Move
±$3.56
±3.4%
Days to Expiry
8
Calendar days
Total Call OI
7,152
Nearest expiry
Total Put OI
1,921
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$104.73
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-10
ExpirationMax Pain StrikeLast Updated
2026-06-26$107.006/26/2026, 11:10:06 PM
2026-07-02$106.007/2/2026, 11:09:19 PM
2026-07-10NextUpdated$104.007/3/2026, 11:07:56 PM
2026-07-17$110.007/3/2026, 11:07:56 PM
2026-07-24$103.007/3/2026, 11:07:56 PM
2026-07-31$96.007/3/2026, 11:07:56 PM
2026-08-07$108.007/3/2026, 11:07:56 PM
2026-08-21$115.007/3/2026, 11:07:56 PM
2026-09-18$110.007/3/2026, 11:07:56 PM
2026-11-20$110.007/3/2026, 11:07:56 PM
2026-12-18$110.007/3/2026, 11:07:56 PM
2027-01-15$105.007/3/2026, 11:07:56 PM
2027-02-19$115.007/3/2026, 11:07:56 PM
2027-03-19$115.007/3/2026, 11:07:56 PM
2027-06-17$120.007/3/2026, 11:07:56 PM
Selected expiration: 2026-07-10 at max pain $104.00.
COP pain by strike for 2026-07-10 expiration
StrikeCall PainPut PainTotal Pain
85034718003471800
9512600015508001676800
9613860013720001510600
9715120011946001345800
9816380010190001182800
991766008453001021900
100189900690600880500
101216200564600780800
102254900452300707200
103295600343100638700
104342800261700604500
105507300189000696300
106700900141200842100
1079171001034001020500
1081162800764001239200
1091438300528001491100
1101743900346001778500
1112107100253002132400
1122484100173002501400
1132886600129002899500
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.