This page reflects CZR 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 — CZR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $28.00 (2.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$0.77
±2.5%
Days to Expiry
8
Calendar days
Total Call OI
2,698
Nearest expiry
Total Put OI
2,469
Nearest expiry
P/C OI Ratio
0.92
Put-heavy
Spot Price
$30.39
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
$28.00
6/26/2026, 11:10:26 PM
2026-07-02
$28.00
7/2/2026, 11:08:35 PM
2026-07-10NextUpdated
$28.00
7/3/2026, 11:10:02 PM
2026-07-17
$29.00
7/3/2026, 11:10:02 PM
2026-07-24
$29.00
7/3/2026, 11:10:02 PM
2026-07-31
$30.00
7/3/2026, 11:10:02 PM
2026-08-07
$28.00
7/3/2026, 11:10:02 PM
2026-08-21
$29.00
7/3/2026, 11:10:02 PM
2026-09-18
$28.00
7/3/2026, 11:10:02 PM
2026-12-18
$28.00
7/3/2026, 11:10:02 PM
2027-01-15
$28.00
7/3/2026, 11:10:02 PM
2027-03-19
$18.00
7/3/2026, 11:10:02 PM
2027-06-17
$30.00
7/3/2026, 11:10:02 PM
Selected expiration: 2026-07-10 at max pain $28.00.
CZR pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
21
0
1482500
1482500
22
0
1235600
1235600
23
0
988700
988700
24
0
741800
741800
25
100
494900
495000
26
200
248000
248200
27
400
100100
100500
28
30100
51200
81300
29
98900
2300
101200
30
243700
0
243700
31
437200
0
437200
34
1246300
0
1246300
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.