This page reflects DY 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 — DY
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $460.00 (22.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$460.00
Nearest expiry
Expected Move
±$36.25
±8.3%
Days to Expiry
15
Calendar days
Total Call OI
1,425
Nearest expiry
Total Put OI
1,885
Nearest expiry
P/C OI Ratio
1.32
Put-heavy
Spot Price
$437.76
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
$410.00
5/15/2026, 11:14:10 PM
2026-06-18
$430.00
6/18/2026, 11:11:55 PM
2026-07-17NextUpdated
$460.00
7/3/2026, 11:10:38 PM
2026-08-21
$460.00
7/3/2026, 11:10:38 PM
2026-09-18
$450.00
7/3/2026, 11:10:38 PM
2026-12-18
$510.00
7/3/2026, 11:10:38 PM
Selected expiration: 2026-07-17 at max pain $460.00.
DY pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
280
0
31517000
31517000
290
0
29642000
29642000
300
1000
27767000
27768000
310
3000
25892000
25895000
320
9000
24017000
24026000
330
17000
22142000
22159000
340
26000
20270000
20296000
350
37000
18398000
18435000
360
63000
16530000
16593000
370
137000
14665000
14802000
380
222000
12804000
13026000
390
309000
10947000
11256000
400
406000
9208000
9614000
410
504000
7482000
7986000
420
604000
6030000
6634000
430
777000
4592000
5369000
440
1041000
3185000
4226000
450
1312000
1821000
3133000
460
1596000
1467000
3063000
470
1951000
1120000
3071000
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.