This page reflects DBX 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 — DBX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $26.00 (2.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$26.00
Nearest expiry
Expected Move
±$1.38
±4.8%
Days to Expiry
8
Calendar days
Total Call OI
225
Nearest expiry
Total Put OI
32
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$28.56
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
$19.00
6/26/2026, 11:11:52 PM
2026-07-02
$27.00
7/2/2026, 11:11:52 PM
2026-07-10NextUpdated
$26.00
7/3/2026, 11:09:31 PM
2026-07-17
$26.00
7/3/2026, 11:09:31 PM
2026-07-24
$27.00
7/3/2026, 11:09:31 PM
2026-07-31
$26.00
7/3/2026, 11:09:31 PM
2026-08-07
$23.00
7/3/2026, 11:09:31 PM
2026-08-21
$28.00
7/3/2026, 11:09:31 PM
2026-10-16
$28.00
7/3/2026, 11:09:31 PM
2027-01-15
$25.00
7/3/2026, 11:09:31 PM
Selected expiration: 2026-07-10 at max pain $26.00.
DBX pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
36300
36300
23
1600
10700
12300
24.5
1900
6050
7950
25
2000
4650
6650
25.5
2150
3400
5550
26
3050
2450
5500
26.5
4050
1650
5700
27
5050
900
5950
27.5
6150
450
6600
28
8050
100
8150
29
17850
0
17850
30
31550
0
31550
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.