This page reflects CVE 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 — CVE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $27.00 (2.35 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$1.47
±6.0%
Days to Expiry
15
Calendar days
Total Call OI
11,859
Nearest expiry
Total Put OI
4,059
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$24.65
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
$26.00
5/15/2026, 11:11:16 PM
2026-06-18
$27.00
6/18/2026, 11:11:01 PM
2026-07-17NextUpdated
$27.00
7/3/2026, 11:11:22 PM
2026-08-21
$27.00
7/3/2026, 11:11:22 PM
2026-09-18
$24.00
7/3/2026, 11:11:22 PM
2026-12-18
$24.00
7/3/2026, 11:11:22 PM
2027-01-15
$17.00
7/3/2026, 11:11:22 PM
Selected expiration: 2026-07-17 at max pain $27.00.
CVE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
5113600
5113600
14
0
4709200
4709200
15
0
4306100
4306100
16
0
3903700
3903700
17
0
3501500
3501500
18
0
3099300
3099300
19
400
2699400
2699800
20
900
2299500
2300400
21
1400
1899700
1901100
22
2100
1501100
1503200
23
2800
1104500
1107300
24
3500
790400
793900
25
13600
518900
532500
26
48700
322100
370800
27
125100
160800
285900
28
361700
72800
434500
29
759100
27000
786100
30
1298700
11200
1309900
31
2199000
0
2199000
32
3144200
0
3144200
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.