This page reflects CVS 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 — CVS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $96.00 (8.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$96.00
Nearest expiry
Expected Move
±$3.10
±3.0%
Days to Expiry
8
Calendar days
Total Call OI
6,170
Nearest expiry
Total Put OI
1,301
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$104.72
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
$98.00
6/26/2026, 11:09:17 PM
2026-07-02
$101.00
7/2/2026, 11:10:34 PM
2026-07-10NextUpdated
$96.00
7/3/2026, 11:11:34 PM
2026-07-17
$97.50
7/3/2026, 11:11:34 PM
2026-07-24
$100.00
7/3/2026, 11:11:34 PM
2026-07-31
$98.00
7/3/2026, 11:11:34 PM
2026-08-07
$87.00
7/3/2026, 11:11:34 PM
2026-08-21
$87.50
7/3/2026, 11:11:34 PM
2026-09-18
$85.00
7/3/2026, 11:11:34 PM
2026-11-20
$87.50
7/3/2026, 11:11:34 PM
2026-12-18
$60.00
7/3/2026, 11:11:34 PM
2027-01-15
$70.00
7/3/2026, 11:11:34 PM
2027-02-19
$105.00
7/3/2026, 11:11:34 PM
2027-03-19
$87.50
7/3/2026, 11:11:34 PM
2027-06-17
$87.50
7/3/2026, 11:11:34 PM
Selected expiration: 2026-07-10 at max pain $96.00.
CVS pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
5498700
5498700
60
0
4223700
4223700
70
1000
2948700
2949700
75
11000
2311200
2322200
79
19800
1802000
1821800
80
22000
1676800
1698800
82
27000
1426400
1453400
83
29600
1301500
1331100
84
32300
1176800
1209100
85
35000
1052300
1087300
86
37800
978600
1016400
87
40600
908800
949400
88
43500
839900
883400
89
46700
771600
818300
90
51900
704100
756000
91
59200
639100
698300
92
67600
575400
643000
93
76200
512800
589000
94
86400
451000
537400
95
97500
390000
487500
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.