This page reflects DT 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 — DT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $42.50 (2.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$3.22
±7.2%
Days to Expiry
15
Calendar days
Total Call OI
13,843
Nearest expiry
Total Put OI
6,716
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$44.77
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
$37.50
5/15/2026, 11:11:59 PM
2026-06-18
$40.00
6/18/2026, 11:11:58 PM
2026-07-17NextUpdated
$42.50
7/3/2026, 11:12:08 PM
2026-08-21
$42.50
7/3/2026, 11:12:08 PM
2026-11-20
$35.00
7/3/2026, 11:12:08 PM
2027-01-15
$35.00
7/3/2026, 11:12:08 PM
2027-02-19
$40.00
7/3/2026, 11:12:08 PM
Selected expiration: 2026-07-17 at max pain $42.50.
DT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
12682750
12682750
27.5
0
9326250
9326250
30
0
7658250
7658250
32.5
0
5992750
5992750
35
0
4338750
4338750
37.5
0
2754750
2754750
40
33500
1384750
1418250
42.5
144500
218000
362500
45
447750
69000
516750
47.5
3075750
35000
3110750
50
6272000
1000
6273000
52.5
9606750
500
9607250
55
12958250
0
12958250
60
19686250
0
19686250
65
26607250
0
26607250
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.