This page reflects DVA 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 — DVA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $160.00 (74.91 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$13.65
±5.8%
Days to Expiry
15
Calendar days
Total Call OI
7,480
Nearest expiry
Total Put OI
3,018
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$234.91
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
$155.00
5/15/2026, 11:10:06 PM
2026-06-18
$195.00
6/18/2026, 11:12:29 PM
2026-07-17NextUpdated
$160.00
7/3/2026, 11:10:01 PM
2026-08-21
$220.00
7/3/2026, 11:10:01 PM
2026-10-16
$190.00
7/3/2026, 11:10:01 PM
2026-12-18
$130.00
7/3/2026, 11:10:01 PM
2027-01-15
$150.00
7/3/2026, 11:10:01 PM
Selected expiration: 2026-07-17 at max pain $160.00.
DVA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
26538250
26538250
70
500
25029750
25030250
75
1000
23524250
23525250
80
1500
22028750
22030250
85
2000
20558250
20560250
90
2500
19101750
19104250
95
3500
17722750
17726250
97.5
4000
17067250
17071250
100
4500
16413500
16418000
105
6000
15134500
15140500
110
22500
13881500
13904000
115
47000
12758500
12805500
120
108500
11648000
11756500
125
213000
10587500
10800500
130
334500
9560000
9894500
135
521500
8575500
9097000
140
737000
7663500
8400500
145
959500
6797500
7757000
150
1265000
5955500
7220500
155
1648500
5177500
6826000
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.