Cognizant Technology Solutions Close $41.99EOD only
Max Pain
$40.00
Next expiry Jul 17, 2026
Expected Move
±$3.17
7.6% from close
Price Gap
-1.99
Distance to max pain
IV Rank
14
Low premium
P/C OI
1.07
Balanced positioning
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects CTSH 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 — CTSH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $40.00 (1.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.17
±7.6%
Days to Expiry
15
Calendar days
Total Call OI
25,276
Nearest expiry
Total Put OI
25,044
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$41.99
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
$47.50
5/15/2026, 11:12:59 PM
2026-06-18
$52.50
6/18/2026, 11:10:23 PM
2026-07-17NextUpdated
$40.00
7/3/2026, 11:07:46 PM
2026-08-21
$40.00
7/3/2026, 11:07:46 PM
2026-09-18
$55.00
7/3/2026, 11:07:46 PM
2026-10-16
$52.50
7/3/2026, 11:07:46 PM
2026-12-18
$45.00
7/3/2026, 11:07:46 PM
2027-01-15
$65.00
7/3/2026, 11:07:46 PM
2027-03-19
$55.00
7/3/2026, 11:07:46 PM
2027-06-17
$37.50
7/3/2026, 11:07:46 PM
Selected expiration: 2026-07-17 at max pain $40.00.
CTSH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
10598250
10598250
35
0
4352500
4352500
37.5
3000
2364750
2367750
40
13500
1559250
1572750
42.5
1758500
985000
2743500
45
4687000
522000
5209000
47.5
8371000
340750
8711750
50
13256500
240500
13497000
52.5
18316500
209750
18526250
55
23531750
179000
23710750
57.5
29116500
148750
29265250
60
34719500
118750
34838250
62.5
40414750
88750
40503500
65
46167000
58750
46225750
67.5
52031250
28750
52060000
70
57987000
1500
57988500
72.5
63959250
1000
63960250
75
69934000
500
69934500
77.5
75919250
0
75919250
80
81907250
0
81907250
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.