This page reflects DOCS 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 — DOCS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $20.00 (1.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.65
±7.5%
Days to Expiry
15
Calendar days
Total Call OI
4,103
Nearest expiry
Total Put OI
3,006
Nearest expiry
P/C OI Ratio
0.73
Put-heavy
Spot Price
$21.86
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
$22.50
5/15/2026, 11:13:39 PM
2026-06-18
$20.00
6/18/2026, 11:11:48 PM
2026-07-17NextUpdated
$20.00
7/3/2026, 11:09:48 PM
2026-08-21
$25.00
7/3/2026, 11:09:48 PM
2026-11-20
$25.00
7/3/2026, 11:09:48 PM
2026-12-18
$22.50
7/3/2026, 11:09:48 PM
2027-01-15
$25.00
7/3/2026, 11:09:48 PM
2027-02-19
$20.00
7/3/2026, 11:09:48 PM
Selected expiration: 2026-07-17 at max pain $20.00.
DOCS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
5068250
5068250
10
2250
2813750
2816000
12.5
3250
2062250
2065500
15
4750
1335750
1340500
17.5
6750
620250
627000
20
23500
39000
62500
22.5
209500
7000
216500
25
525750
750
526500
27.5
1317500
500
1318000
30
2335000
250
2335250
32.5
3360750
0
3360750
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.