This page reflects DFH 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 — DFH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $12.50 (4.29 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$1.75
±10.4%
Days to Expiry
15
Calendar days
Total Call OI
790
Nearest expiry
Total Put OI
446
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$16.79
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
$12.50
5/15/2026, 11:13:13 PM
2026-06-18
$15.00
6/18/2026, 11:11:46 PM
2026-07-17NextUpdated
$12.50
7/3/2026, 11:10:27 PM
2026-08-21
$15.00
7/3/2026, 11:10:27 PM
2026-10-16
$12.50
7/3/2026, 11:10:27 PM
2027-01-15
$12.50
7/3/2026, 11:10:27 PM
Selected expiration: 2026-07-17 at max pain $12.50.
DFH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
408000
408000
7.5
250
296500
296750
10
38500
185000
223500
12.5
127250
85750
213000
15
223750
10500
234250
17.5
332500
500
333000
20
482000
250
482250
22.5
664250
0
664250
25
856250
0
856250
27.5
1053250
0
1053250
30
1250250
0
1250250
32.5
1447750
0
1447750
35
1645250
0
1645250
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.