This page reflects DAR 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 — DAR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $47.50 (9.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$3.12
±5.5%
Days to Expiry
15
Calendar days
Total Call OI
15,168
Nearest expiry
Total Put OI
4,547
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$56.53
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
$60.00
5/15/2026, 11:12:51 PM
2026-06-18
$57.50
6/18/2026, 11:11:39 PM
2026-07-17NextUpdated
$47.50
7/3/2026, 11:09:49 PM
2026-08-21
$52.50
7/3/2026, 11:09:49 PM
2026-10-16
$57.50
7/3/2026, 11:09:49 PM
2027-01-15
$35.00
7/3/2026, 11:09:49 PM
Selected expiration: 2026-07-17 at max pain $47.50.
DAR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
12861000
12861000
27.5
0
11725250
11725250
30
0
10589750
10589750
32.5
0
9454500
9454500
35
56250
8319250
8375500
37.5
112500
7225750
7338250
40
229000
6133500
6362500
42.5
609500
5132500
5742000
45
1019750
4138250
5158000
47.5
1717500
3193500
4911000
50
2607250
2386750
4994000
52.5
3531000
1617250
5148250
55
4489750
1021750
5511500
57.5
5837500
514750
6352250
60
7323500
55500
7379000
62.5
9246000
2500
9248500
65
11815750
750
11816500
67.5
14543000
250
14543250
70
17332000
0
17332000
72.5
20698500
0
20698500
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.