This page reflects DHT 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 — DHT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $18.00 (0.82 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$1.10
±6.4%
Days to Expiry
15
Calendar days
Total Call OI
26,586
Nearest expiry
Total Put OI
19,636
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$17.18
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
$17.00
5/15/2026, 11:10:11 PM
2026-06-18
$17.00
6/18/2026, 11:11:33 PM
2026-07-17NextUpdated
$18.00
7/3/2026, 11:09:52 PM
2026-08-21
$17.00
7/3/2026, 11:09:52 PM
2026-09-18
$15.00
7/3/2026, 11:09:52 PM
2026-10-16
$18.00
7/3/2026, 11:09:52 PM
2026-12-18
$13.00
7/3/2026, 11:09:52 PM
2027-01-15
$15.00
7/3/2026, 11:09:52 PM
Selected expiration: 2026-07-17 at max pain $18.00.
DHT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
21511000
21511000
7
100
19547400
19547500
8
300
17583800
17584100
9
500
15620200
15620700
10
900
13656700
13657600
11
4100
11696700
11700800
12
7400
9736700
9744100
13
15600
7779500
7795100
14
36900
6021500
6058400
15
75200
4343300
4418500
16
216700
2725400
2942100
17
445500
1174800
1620300
18
827300
401200
1228500
19
1920700
88500
2009200
20
3799500
1500
3801000
21
6265200
200
6265400
22
8809300
100
8809400
23
11413000
0
11413000
24
14051300
0
14051300
25
16694300
0
16694300
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.