This page reflects DLO 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 — DLO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $11.47 (3.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.47
Nearest expiry
Expected Move
±$7.45
±50.1%
Days to Expiry
15
Calendar days
Total Call OI
22,422
Nearest expiry
Total Put OI
4,829
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$14.88
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
$13.00
5/15/2026, 11:12:29 PM
2026-06-18
$12.00
6/18/2026, 11:10:25 PM
2026-07-17NextUpdated
$11.47
7/3/2026, 11:10:43 PM
2026-08-21
$13.00
7/3/2026, 11:10:43 PM
2026-09-18
$12.00
7/3/2026, 11:10:43 PM
2026-10-16
$12.00
7/3/2026, 11:10:43 PM
2026-11-20
$13.00
7/3/2026, 11:10:43 PM
2026-12-18
$12.00
7/3/2026, 11:10:43 PM
2027-01-15
$6.47
7/3/2026, 11:10:43 PM
Selected expiration: 2026-07-17 at max pain $11.47.
DLO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
0.47
0
5518103
5518103
1
53
5262696
5262749
1.47
147
5036673
5036820
2.47
347
4555773
4556120
3.47
647
4074873
4075520
4
806
3819996
3820802
4.47
1041
3593973
3595014
5
5440
3339096
3344536
6.47
18964
2636583
2655547
7
25483
2383296
2408779
9.47
71425
1202883
1274308
10
148222
961892
1110114
11.47
388567
297011
685578
12
521067
238923
759990
13
788567
129323
917890
14.47
2164340
23924
2188264
15
3003065
21380
3024445
16.47
5436209
14912
5451121
17
6456936
13004
6469940
18
8385536
9704
8395240
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.