This page reflects DEO 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 — DEO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (2.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.98
±4.8%
Days to Expiry
15
Calendar days
Total Call OI
5,376
Nearest expiry
Total Put OI
2,722
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$82.16
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
$80.00
5/15/2026, 11:13:44 PM
2026-06-18
$80.00
6/18/2026, 11:09:29 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:07:43 PM
2026-08-21
$80.00
7/3/2026, 11:07:43 PM
2026-10-16
$85.00
7/3/2026, 11:07:43 PM
2027-01-15
$80.00
7/3/2026, 11:07:43 PM
Selected expiration: 2026-07-17 at max pain $80.00.
DEO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
6976000
6976000
55
2000
5615000
5617000
60
6500
4280000
4286500
65
16000
3078000
3094000
70
27000
1994000
2021000
75
83000
1051000
1134000
80
182500
407500
590000
85
710500
115500
826000
90
1561500
56500
1618000
95
3100000
43000
3143000
100
4809000
29500
4838500
105
6915500
16000
6931500
110
9128000
2500
9130500
115
11396500
0
11396500
120
13729000
0
13729000
125
16162000
0
16162000
130
18704000
0
18704000
135
21300000
0
21300000
140
23918000
0
23918000
145
26588500
0
26588500
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.