This page reflects DAL 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 — DAL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $88.00 (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
$88.00
Nearest expiry
Expected Move
±$6.57
±7.1%
Days to Expiry
8
Calendar days
Total Call OI
4,606
Nearest expiry
Total Put OI
5,941
Nearest expiry
P/C OI Ratio
1.29
Put-heavy
Spot Price
$92.75
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
$81.00
6/26/2026, 11:10:42 PM
2026-07-02
$90.00
7/2/2026, 11:12:33 PM
2026-07-10NextUpdated
$88.00
7/3/2026, 11:11:47 PM
2026-07-17
$77.50
7/3/2026, 11:11:47 PM
2026-07-24
$84.00
7/3/2026, 11:11:47 PM
2026-07-31
$87.00
7/3/2026, 11:11:47 PM
2026-08-07
$92.00
7/3/2026, 11:11:47 PM
2026-08-21
$87.50
7/3/2026, 11:11:47 PM
2026-09-18
$75.00
7/3/2026, 11:11:47 PM
2026-12-18
$70.00
7/3/2026, 11:11:47 PM
2027-01-15
$70.00
7/3/2026, 11:11:47 PM
2027-03-19
$75.00
7/3/2026, 11:11:47 PM
2027-06-17
$75.00
7/3/2026, 11:11:47 PM
Selected expiration: 2026-07-10 at max pain $88.00.
DAL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
21227800
21227800
50
0
18257800
18257800
55
0
15288300
15288300
60
0
12322800
12322800
65
0
9362800
9362800
66
0
8774700
8774700
67
0
8186700
8186700
68
1000
7602900
7603900
69
2100
7021100
7023200
70
3200
6440500
6443700
71
7400
5881900
5889300
72
14900
5331600
5346500
73
23200
4804400
4827600
74
32100
4290100
4322200
75
41900
3781000
3822900
76
52200
3306200
3358400
77
62600
2836300
2898900
78
75700
2425500
2501200
79
97500
2152200
2249700
80
125000
1885600
2010600
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.