This page reflects DRI 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 — DRI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $210.00 (5.68 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$10.03
±4.9%
Days to Expiry
15
Calendar days
Total Call OI
3,796
Nearest expiry
Total Put OI
4,770
Nearest expiry
P/C OI Ratio
1.26
Put-heavy
Spot Price
$204.32
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
$195.00
5/15/2026, 11:12:25 PM
2026-06-18
$200.00
6/18/2026, 11:13:48 PM
2026-07-17NextUpdated
$210.00
7/3/2026, 11:09:45 PM
2026-08-21
$210.00
7/3/2026, 11:09:45 PM
2026-09-18
$200.00
7/3/2026, 11:09:45 PM
2026-10-16
$200.00
7/3/2026, 11:09:45 PM
2026-12-18
$200.00
7/3/2026, 11:09:45 PM
2027-01-15
$195.00
7/3/2026, 11:09:45 PM
2027-03-19
$220.00
7/3/2026, 11:09:45 PM
Selected expiration: 2026-07-17 at max pain $210.00.
DRI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
40442000
40442000
110
1000
38059000
38060000
115
2000
35679000
35681000
120
3000
33300000
33303000
125
4500
30921000
30925500
130
6000
28542500
28548500
135
7500
26167500
26175000
140
11500
23795000
23806500
145
15500
21439000
21454500
150
19500
19088000
19107500
155
23500
16773000
16796500
160
33000
14465000
14498000
165
42500
12164500
12207000
170
52000
9878000
9930000
175
61500
7770500
7832000
180
71000
5990500
6061500
185
83000
4527500
4610500
190
97000
3254000
3351000
195
139500
2193000
2332500
200
205500
1362000
1567500
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.