This page reflects DFTX 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 — DFTX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $25.00 (19.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$4.97
±11.3%
Days to Expiry
15
Calendar days
Total Call OI
15,228
Nearest expiry
Total Put OI
9,206
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$44.19
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
$22.00
5/15/2026, 11:13:48 PM
2026-06-18
$20.00
6/18/2026, 11:13:43 PM
2026-07-17NextUpdated
$25.00
7/3/2026, 11:11:07 PM
2026-08-21
$40.00
7/3/2026, 11:11:07 PM
2026-09-18
$25.00
7/3/2026, 11:11:07 PM
2026-12-18
$26.00
7/3/2026, 11:11:07 PM
2027-01-15
$7.00
7/3/2026, 11:11:07 PM
Selected expiration: 2026-07-17 at max pain $25.00.
DFTX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
25748500
25748500
2
800
24828100
24828900
3
1600
23907800
23909400
4
2800
22987700
22990500
5
4000
22068000
22072000
6
5200
21149000
21154200
7
6600
20230500
20237100
8
11500
19320200
19331700
9
16500
18410900
18427400
10
21500
17501900
17523400
11
37800
16593900
16631700
12
70100
15686000
15756100
13
102800
14781300
14884100
14
137500
13876900
14014400
15
172200
12984900
13157100
16
230800
12152200
12383000
17
291300
11327500
11618800
18
356200
10561600
10917800
19
427700
9915800
10343500
20
568900
9276900
9845800
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.