This page reflects D 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 — D
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $65.00 (4.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$2.00
±2.9%
Days to Expiry
15
Calendar days
Total Call OI
7,505
Nearest expiry
Total Put OI
4,716
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$69.75
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
$62.50
5/15/2026, 11:10:44 PM
2026-06-18
$65.00
6/18/2026, 11:13:05 PM
2026-07-17NextUpdated
$65.00
7/3/2026, 11:07:22 PM
2026-08-21
$67.50
7/3/2026, 11:07:22 PM
2026-09-18
$62.50
7/3/2026, 11:07:22 PM
2026-10-16
$65.00
7/3/2026, 11:07:22 PM
2026-12-18
$65.00
7/3/2026, 11:07:22 PM
2027-01-15
$60.00
7/3/2026, 11:07:22 PM
2027-03-19
$67.50
7/3/2026, 11:07:22 PM
2027-06-17
$67.50
7/3/2026, 11:07:22 PM
Selected expiration: 2026-07-17 at max pain $65.00.
D pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
10441000
10441000
42.5
0
9262500
9262500
45
0
8085750
8085750
47.5
0
6913500
6913500
50
0
5743250
5743250
52.5
0
4587750
4587750
55
0
3458500
3458500
57.5
250
2420750
2421000
60
750
1499000
1499750
62.5
15000
703750
718750
65
167500
205250
372750
67.5
576000
27750
603750
70
1250750
1250
1252000
72.5
2801500
250
2801750
75
4510000
0
4510000
80
8088000
0
8088000
85
11717000
0
11717000
90
15351000
0
15351000
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.