This page reflects DOW 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 — DOW
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $31.00 (3.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.00
Nearest expiry
Expected Move
±$1.34
±4.8%
Days to Expiry
8
Calendar days
Total Call OI
3,391
Nearest expiry
Total Put OI
19,095
Nearest expiry
P/C OI Ratio
5.63
Put-heavy
Spot Price
$27.71
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$30.00
6/26/2026, 11:12:42 PM
2026-07-02
$28.00
7/2/2026, 11:12:01 PM
2026-07-10NextUpdated
$31.00
7/3/2026, 11:11:10 PM
2026-07-17
$31.00
7/3/2026, 11:11:10 PM
2026-07-24
$28.00
7/3/2026, 11:11:10 PM
2026-07-31
$30.00
7/3/2026, 11:11:10 PM
2026-08-07
$28.00
7/3/2026, 11:11:10 PM
2026-08-21
$30.00
7/3/2026, 11:11:10 PM
2026-09-18
$32.50
7/3/2026, 11:11:10 PM
2026-11-20
$27.50
7/3/2026, 11:11:10 PM
2026-12-18
$30.00
7/3/2026, 11:11:10 PM
2027-01-15
$32.50
7/3/2026, 11:11:10 PM
2027-03-19
$30.00
7/3/2026, 11:11:10 PM
2027-06-17
$30.00
7/3/2026, 11:11:10 PM
Selected expiration: 2026-07-10 at max pain $31.00.
DOW pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
7440750
7440750
26
5200
5531250
5536450
27
10500
3649050
3659550
27.5
15450
3174700
3190150
28
32400
2709050
2741450
28.5
97450
2250750
2348200
29
166000
1795300
1961300
29.5
243100
1344650
1587750
30
322250
895950
1218200
30.5
408250
465950
874200
31
498250
36800
535050
31.5
598550
27650
626200
32
700000
18500
718500
32.5
804350
12500
816850
33
908950
6500
915450
33.5
1017850
3700
1021550
34
1126950
900
1127850
34.5
1243300
650
1243950
35
1360200
400
1360600
36
1603000
0
1603000
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.