This page reflects DQ 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 — DQ
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $18.00 (5.75 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$1.57
±12.9%
Days to Expiry
15
Calendar days
Total Call OI
5,539
Nearest expiry
Total Put OI
7,183
Nearest expiry
P/C OI Ratio
1.30
Put-heavy
Spot Price
$12.25
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
$21.00
5/15/2026, 11:14:53 PM
2026-06-18
$15.00
6/18/2026, 11:11:27 PM
2026-07-17NextUpdated
$18.00
7/3/2026, 11:11:17 PM
2026-08-21
$18.00
7/3/2026, 11:11:17 PM
2026-09-18
$18.00
7/3/2026, 11:11:17 PM
2026-10-16
$19.00
7/3/2026, 11:11:17 PM
2027-01-15
$18.00
7/3/2026, 11:11:17 PM
Selected expiration: 2026-07-17 at max pain $18.00.
DQ pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
11444600
11444600
2
100
10726300
10726400
3
400
10008000
10008400
9
2200
5698200
5700400
10
2500
4980000
4982500
11
2800
4262000
4264800
12
3100
3569200
3572300
13
4800
2889400
2894200
14
8600
2214500
2223100
15
15600
1567600
1583200
16
26100
927600
953700
17
41800
307700
349500
18
63900
255400
319300
19
129600
209100
338700
20
201600
165700
367300
21
310400
122300
432700
22
544800
97700
642500
23
794700
75900
870600
24
1065000
54700
1119700
25
1384200
33500
1417700
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.