This page reflects DAC 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 — DAC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $120.00 (2.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$5.42
±4.4%
Days to Expiry
15
Calendar days
Total Call OI
1,075
Nearest expiry
Total Put OI
2,496
Nearest expiry
P/C OI Ratio
2.32
Put-heavy
Spot Price
$122.32
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
$125.00
5/15/2026, 11:11:10 PM
2026-06-18
$130.00
6/18/2026, 11:09:14 PM
2026-07-17NextUpdated
$120.00
7/3/2026, 11:10:13 PM
2026-08-21
$120.00
7/3/2026, 11:10:13 PM
2026-10-16
$115.00
7/3/2026, 11:10:13 PM
2026-11-20
$115.00
7/3/2026, 11:10:13 PM
2026-12-18
$110.00
7/3/2026, 11:10:13 PM
2027-01-15
$130.00
7/3/2026, 11:10:13 PM
Selected expiration: 2026-07-17 at max pain $120.00.
DAC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
7109500
7109500
80
0
5861500
5861500
85
0
4613500
4613500
90
0
3365500
3365500
95
5500
2118500
2124000
100
41500
1366000
1407500
105
77500
1000000
1077500
110
114500
659500
774000
115
174500
325500
500000
120
279000
40000
319000
125
438000
500
438500
130
673500
0
673500
135
1097500
0
1097500
140
1552000
0
1552000
145
2066000
0
2066000
150
2584500
0
2584500
155
3106000
0
3106000
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.