This page reflects DRS 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 — DRS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $42.00 (1.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$2.95
±6.8%
Days to Expiry
15
Calendar days
Total Call OI
3,732
Nearest expiry
Total Put OI
1,057
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$43.72
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
$40.00
5/15/2026, 11:14:04 PM
2026-06-18
$43.00
6/18/2026, 11:11:04 PM
2026-07-17NextUpdated
$42.00
7/3/2026, 11:11:44 PM
2026-08-21
$43.00
7/3/2026, 11:11:44 PM
2026-10-16
$42.00
7/3/2026, 11:11:44 PM
2027-01-15
$46.00
7/3/2026, 11:11:44 PM
Selected expiration: 2026-07-17 at max pain $42.00.
DRS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
2017100
2017100
25
2500
1492600
1495100
26
3100
1387700
1390800
27
4200
1283900
1288100
28
9000
1182200
1191200
29
14100
1083100
1097200
30
19200
984700
1003900
31
24600
887200
911800
32
30000
789900
819900
33
35500
692800
728300
34
41600
597200
638800
35
48400
503400
551800
36
56300
412700
469000
37
65600
342200
407800
38
76600
272500
349100
39
88000
203400
291400
40
101400
156200
257600
41
123100
119600
242700
42
148900
85600
234500
43
182900
59900
242800
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.