This page reflects DLX 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 — DLX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $22.50 (1.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$1.27
±5.2%
Days to Expiry
15
Calendar days
Total Call OI
1,902
Nearest expiry
Total Put OI
373
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$24.31
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
$30.00
5/15/2026, 11:12:11 PM
2026-06-18
$22.50
6/18/2026, 11:11:36 PM
2026-07-17NextUpdated
$22.50
7/3/2026, 11:11:43 PM
2026-08-21
$20.00
7/3/2026, 11:11:43 PM
2026-10-16
$25.00
7/3/2026, 11:11:43 PM
2027-01-15
$22.50
7/3/2026, 11:11:43 PM
Selected expiration: 2026-07-17 at max pain $22.50.
DLX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
547000
547000
5
500
454250
454750
7.5
1000
361500
362500
10
1500
269000
270500
12.5
2000
192000
194000
15
2500
137750
140250
17.5
3500
86000
89500
20
4500
34750
39250
22.5
10750
15250
26000
25
35500
3000
38500
30
818500
0
818500
35
1683500
0
1683500
40
2634000
0
2634000
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.