This page reflects DK 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 — DK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $42.50 (10.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$2.70
±5.1%
Days to Expiry
15
Calendar days
Total Call OI
1,251
Nearest expiry
Total Put OI
822
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$52.61
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
$42.50
5/15/2026, 11:11:09 PM
2026-06-18
$47.50
6/18/2026, 11:11:32 PM
2026-07-17NextUpdated
$42.50
7/3/2026, 11:10:47 PM
2026-08-21
$42.50
7/3/2026, 11:10:47 PM
2026-10-16
$47.50
7/3/2026, 11:10:47 PM
2027-01-15
$30.00
7/3/2026, 11:10:47 PM
Selected expiration: 2026-07-17 at max pain $42.50.
DK pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2007750
2007750
17.5
3750
1802250
1806000
20
7500
1599750
1607250
22.5
11250
1398750
1410000
25
15500
1200750
1216250
27.5
20500
1007250
1027750
30
25500
825750
851250
32.5
30500
658250
688750
35
35500
497500
533000
37.5
48750
348750
397500
40
67750
207000
274750
42.5
143000
105500
248500
45
240000
26250
266250
47.5
383750
4250
388000
50
560250
0
560250
52.5
801000
0
801000
55
1051750
0
1051750
57.5
1321750
0
1321750
60
1592500
0
1592500
65
2152000
0
2152000
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.