This page reflects DPZ 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 — DPZ
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $310.00 (1.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$15.45
±5.0%
Days to Expiry
15
Calendar days
Total Call OI
2,428
Nearest expiry
Total Put OI
3,855
Nearest expiry
P/C OI Ratio
1.59
Put-heavy
Spot Price
$311.66
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
$340.00
5/15/2026, 11:12:22 PM
2026-06-18
$340.00
6/18/2026, 11:12:00 PM
2026-07-17NextUpdated
$310.00
7/3/2026, 11:09:11 PM
2026-08-21
$300.00
7/3/2026, 11:09:11 PM
2026-09-18
$330.00
7/3/2026, 11:09:11 PM
2026-12-18
$350.00
7/3/2026, 11:09:11 PM
2027-01-15
$380.00
7/3/2026, 11:09:11 PM
2027-03-19
$340.00
7/3/2026, 11:09:11 PM
2027-06-17
$400.00
7/3/2026, 11:09:11 PM
Selected expiration: 2026-07-17 at max pain $310.00.
DPZ pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
200
0
32545000
32545000
210
0
28694000
28694000
220
0
24848000
24848000
230
0
21003000
21003000
240
0
17167000
17167000
250
0
13360000
13360000
260
0
9779000
9779000
270
1000
6456000
6457000
280
3000
3383000
3386000
290
22000
2094000
2116000
300
99000
1106000
1205000
310
303000
456000
759000
320
739000
131000
870000
330
1436000
75000
1511000
340
2566000
61000
2627000
350
4121000
47000
4168000
360
5920000
37000
5957000
370
7831000
27000
7858000
380
9844000
18000
9862000
390
11943000
10000
11953000
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.