This page reflects CSW 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 — CSW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $300.00 (23.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$300.00
Nearest expiry
Expected Move
±$6.00
±2.2%
Days to Expiry
15
Calendar days
Total Call OI
94
Nearest expiry
Total Put OI
30
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$276.12
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
$250.00
5/15/2026, 11:10:06 PM
2026-06-18
$260.00
6/18/2026, 11:08:03 PM
2026-07-17NextUpdated
$300.00
7/3/2026, 11:07:34 PM
2026-10-16
$250.00
7/3/2026, 11:07:34 PM
2027-01-15
$135.00
7/3/2026, 11:07:34 PM
Selected expiration: 2026-07-17 at max pain $300.00.
CSW pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
231000
231000
170
0
173000
173000
180
0
159000
159000
190
0
146000
146000
220
0
107000
107000
250
0
71000
71000
260
0
62000
62000
270
1000
53000
54000
280
5000
44000
49000
290
10000
35000
45000
300
15000
26000
41000
310
40000
17000
57000
320
65000
8000
73000
330
91000
4000
95000
340
117000
0
117000
350
144000
0
144000
370
278000
0
278000
390
422000
0
422000
400
495000
0
495000
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.