This page reflects CPB 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 — CPB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $23.50 (0.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.50
Nearest expiry
Expected Move
±$0.88
±3.8%
Days to Expiry
8
Calendar days
Total Call OI
872
Nearest expiry
Total Put OI
7,402
Nearest expiry
P/C OI Ratio
8.49
Put-heavy
Spot Price
$23.32
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$22.00
6/26/2026, 11:03:59 PM
2026-07-02
$23.50
7/2/2026, 11:09:21 PM
2026-07-10NextUpdated
$23.50
7/3/2026, 11:07:27 PM
2026-07-17
$23.00
7/3/2026, 11:07:27 PM
2026-07-24
$22.50
7/3/2026, 11:07:27 PM
2026-07-31
$22.00
7/3/2026, 11:07:27 PM
2026-08-07
$19.00
7/3/2026, 11:07:27 PM
2026-08-21
$22.00
7/3/2026, 11:07:27 PM
2026-09-18
$22.00
7/3/2026, 11:07:27 PM
2026-11-20
$22.00
7/3/2026, 11:07:27 PM
2026-12-18
$23.00
7/3/2026, 11:07:27 PM
2027-01-15
$25.00
7/3/2026, 11:07:27 PM
2027-02-19
$22.00
7/3/2026, 11:07:27 PM
2027-03-19
$23.00
7/3/2026, 11:07:27 PM
2027-06-17
$25.00
7/3/2026, 11:07:27 PM
Selected expiration: 2026-07-10 at max pain $23.50.
CPB pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
7332150
7332150
13
0
6591950
6591950
14
0
5851950
5851950
15.5
0
4742100
4742100
16
0
4372200
4372200
16.5
100
4002300
4002400
17
200
3632450
3632650
17.5
300
3262750
3263050
18
400
2893850
2894250
18.5
500
2526200
2526700
19
600
2158950
2159550
19.5
700
1793550
1794250
20
800
1430600
1431400
20.5
900
1072600
1073500
21
1000
716650
717650
21.5
1150
511600
512750
22
1300
320000
321300
22.5
1500
134700
136200
23
3050
63250
66300
23.5
18600
450
19050
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.