This page reflects DB 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 — DB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $34.00 (1.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$2.05
±5.7%
Days to Expiry
15
Calendar days
Total Call OI
7,880
Nearest expiry
Total Put OI
16,820
Nearest expiry
P/C OI Ratio
2.13
Put-heavy
Spot Price
$35.86
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
$31.00
5/15/2026, 11:11:05 PM
2026-06-18
$32.00
6/18/2026, 11:11:39 PM
2026-07-17NextUpdated
$34.00
7/3/2026, 11:10:08 PM
2026-08-21
$34.00
7/3/2026, 11:10:08 PM
2026-09-18
$33.00
7/3/2026, 11:10:08 PM
2026-10-16
$31.00
7/3/2026, 11:10:08 PM
2027-01-15
$32.00
7/3/2026, 11:10:08 PM
Selected expiration: 2026-07-17 at max pain $34.00.
DB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
24042900
24042900
16
0
22376600
22376600
17
0
20710400
20710400
18
0
19047600
19047600
19
0
17386300
17386300
20
0
15743100
15743100
21
200
14413100
14413300
22
400
13094600
13095000
23
600
11789900
11790500
24
800
10499000
10499800
25
1100
9215500
9216600
26
3000
7953500
7956500
27
5400
6717600
6723000
28
7800
5517300
5525100
29
10500
4505800
4516300
30
16800
3538400
3555200
31
49900
2656800
2706700
32
197400
1844500
2041900
33
358600
1146300
1504900
34
596200
802900
1399100
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.