Canadian Pacific Kansas City LiClose $87.79EOD only
Max Pain
$90.00
Next expiry Jul 17, 2026
Expected Move
±$3.15
3.6% from close
Price Gap
+2.21
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.37
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects CP 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 — CP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $90.00 (2.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$3.15
±3.6%
Days to Expiry
15
Calendar days
Total Call OI
2,615
Nearest expiry
Total Put OI
1,340
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$87.79
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
$82.50
5/15/2026, 11:12:12 PM
2026-06-18
$85.00
6/18/2026, 11:11:47 PM
2026-07-17NextUpdated
$90.00
7/3/2026, 11:07:49 PM
2026-08-21
$87.50
7/3/2026, 11:07:49 PM
2026-09-18
$75.00
7/3/2026, 11:07:49 PM
2026-11-20
$90.00
7/3/2026, 11:07:49 PM
2026-12-18
$87.50
7/3/2026, 11:07:49 PM
2027-01-15
$60.00
7/3/2026, 11:07:49 PM
Selected expiration: 2026-07-17 at max pain $90.00.
CP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
6151000
6151000
70
0
2468750
2468750
75
2000
1804250
1806250
77.5
5750
1476250
1482000
80
9500
1149250
1158750
82.5
18500
832750
851250
85
32500
544000
576500
87.5
106250
360250
466500
90
205000
183750
388750
92.5
430500
9250
439750
95
854750
0
854750
97.5
1456000
0
1456000
100
2057500
0
2057500
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.