This page reflects CSTL 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 — CSTL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $20.00 (4.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$2.40
±9.9%
Days to Expiry
15
Calendar days
Total Call OI
214
Nearest expiry
Total Put OI
27
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$24.11
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
$22.50
5/15/2026, 11:08:54 PM
2026-06-18
$5.00
6/18/2026, 11:12:10 PM
2026-07-17NextUpdated
$20.00
7/3/2026, 11:08:57 PM
2026-10-16
$20.00
7/3/2026, 11:08:57 PM
2027-01-15
$15.00
7/3/2026, 11:08:57 PM
Selected expiration: 2026-07-17 at max pain $20.00.
CSTL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
67750
67750
7.5
250
61000
61250
10
500
54250
54750
15
1500
40750
42250
17.5
2000
34250
36250
20
2500
28500
31000
22.5
8250
23250
31500
25
15500
18500
34000
30
41000
11500
52500
35
89500
4500
94000
40
138000
1000
139000
45
189000
500
189500
50
242500
0
242500
55
296000
0
296000
60
378500
0
378500
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.