This page reflects CTAS 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 — CTAS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $180.00 (1.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$5.08
±2.8%
Days to Expiry
8
Calendar days
Total Call OI
300
Nearest expiry
Total Put OI
322
Nearest expiry
P/C OI Ratio
1.07
Put-heavy
Spot Price
$181.37
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
$170.00
6/26/2026, 11:08:04 PM
2026-07-02
$172.50
7/2/2026, 11:11:39 PM
2026-07-10NextUpdated
$180.00
7/3/2026, 11:09:33 PM
2026-07-17
$170.00
7/3/2026, 11:09:33 PM
2026-07-24
$175.00
7/3/2026, 11:09:33 PM
2026-07-31
$180.00
7/3/2026, 11:09:33 PM
2026-08-21
$175.00
7/3/2026, 11:09:33 PM
2026-09-18
$185.00
7/3/2026, 11:09:33 PM
2026-11-20
$175.00
7/3/2026, 11:09:33 PM
2026-12-18
$175.00
7/3/2026, 11:09:33 PM
2027-01-15
$180.00
7/3/2026, 11:09:33 PM
2027-03-19
$195.00
7/3/2026, 11:09:33 PM
2027-06-17
$115.00
7/3/2026, 11:09:33 PM
Selected expiration: 2026-07-10 at max pain $180.00.
CTAS pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
837750
837750
155
0
518750
518750
160
0
365250
365250
165
0
260750
260750
167.5
0
215000
215000
170
0
170000
170000
172.5
4000
126750
130750
175
9500
83500
93000
180
57500
0
57500
185
114500
0
114500
190
173000
0
173000
195
293500
0
293500
200
415000
0
415000
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.