thetaOwl

DELL

Dell Technologies Inc.Close $394.32EOD only
Max Pain
$405.00
Next expiry Jul 10, 2026
Expected Move
±$35.52
9.0% from close
Price Gap
+10.68
Distance to max pain
IV Rank
25
Middle-high premium
P/C OI
1.10
Balanced positioning
Consensus
4/4
Partial coverage
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects DELL 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 — DELL
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-10 shows max pain at $405.00 (10.68 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$405.00
Nearest expiry
Expected Move
±$35.52
±9.0%
Days to Expiry
8
Calendar days
Total Call OI
12,258
Nearest expiry
Total Put OI
13,881
Nearest expiry
P/C OI Ratio
1.13
Put-heavy
Spot Price
$394.32
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-10
ExpirationMax Pain StrikeLast Updated
2026-06-26$400.006/26/2026, 11:10:32 PM
2026-07-02$410.007/2/2026, 11:12:41 PM
2026-07-10NextUpdated$405.007/3/2026, 11:11:03 PM
2026-07-17$320.007/3/2026, 11:11:03 PM
2026-07-24$400.007/3/2026, 11:11:03 PM
2026-07-31$405.007/3/2026, 11:11:03 PM
2026-08-07$405.007/3/2026, 11:11:03 PM
2026-08-21$300.007/3/2026, 11:11:03 PM
2026-09-18$195.007/3/2026, 11:11:03 PM
2026-10-16$280.007/3/2026, 11:11:03 PM
2026-11-20$280.007/3/2026, 11:11:03 PM
2026-12-18$180.007/3/2026, 11:11:03 PM
2027-01-15$195.007/3/2026, 11:11:03 PM
2027-03-19$210.007/3/2026, 11:11:03 PM
2027-06-17$170.007/3/2026, 11:11:03 PM
Selected expiration: 2026-07-10 at max pain $405.00.
DELL pain by strike for 2026-07-10 expiration
StrikeCall PainPut PainTotal Pain
1600213632250213632250
16516000206709250206725250
17032500199797250199829750
18066500185976250186042750
18584500179065750179150250
195123500165244750165368250
200146000158365250158511250
205170000151611250151781250
210194500144949750145144250
215220500138408250138628750
220249000132475750132724750
225279000126776750127055750
230313000121285250121598250
235349000115883250116232250
240387500110543750110931250
245427000105295750105722750
250468000100140750100608750
2555105009520275095713250
2605550009029575090850750
2656000008542175086021750
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.