This page reflects DAVE 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 — DAVE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $320.00 (67.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$21.25
±5.5%
Days to Expiry
8
Calendar days
Total Call OI
60
Nearest expiry
Total Put OI
59
Nearest expiry
P/C OI Ratio
0.98
Put-heavy
Spot Price
$387.36
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
$307.50
6/26/2026, 11:10:07 PM
2026-07-02
$307.50
7/2/2026, 11:11:08 PM
2026-07-10NextUpdated
$320.00
7/3/2026, 11:09:49 PM
2026-07-17
$250.00
7/3/2026, 11:09:49 PM
2026-07-24
$290.00
7/3/2026, 11:09:49 PM
2026-07-31
$195.00
7/3/2026, 11:09:49 PM
2026-08-21
$250.00
7/3/2026, 11:09:49 PM
2026-09-18
$270.00
7/3/2026, 11:09:49 PM
2026-10-16
$210.00
7/3/2026, 11:09:49 PM
2026-11-20
$300.00
7/3/2026, 11:09:49 PM
2026-12-18
$270.00
7/3/2026, 11:09:49 PM
2027-01-15
$185.00
7/3/2026, 11:09:49 PM
2027-06-17
$200.00
7/3/2026, 11:09:49 PM
Selected expiration: 2026-07-10 at max pain $320.00.
DAVE pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
648000
648000
180
500
623000
623500
185
1500
598500
600000
200
6000
526500
532500
210
9000
479500
488500
215
10500
457000
467500
220
12000
435000
447000
225
14000
413000
427000
255
29000
284000
313000
260
32000
263000
295000
265
35000
244500
279500
270
38500
226500
265000
275
42000
209000
251000
282.5
48000
183500
231500
290
54000
158750
212750
292.5
56000
151000
207000
295
58750
143250
202000
305
69750
113250
183000
307.5
72750
105750
178500
310
76500
98750
175250
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.