Elanco Animal Health IncorporatClose $25.00EOD only
Max Pain
$24.00
Next expiry Jul 17, 2026
Expected Move
±$1.78
7.1% from close
Price Gap
-1.00
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.42
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects ELAN 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 — ELAN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $24.00 (1.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$1.78
±7.1%
Days to Expiry
15
Calendar days
Total Call OI
2,376
Nearest expiry
Total Put OI
1,036
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$25.00
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
$23.00
5/15/2026, 11:14:31 PM
2026-06-18
$21.00
6/18/2026, 11:11:24 PM
2026-07-17NextUpdated
$24.00
7/3/2026, 11:09:53 PM
2026-08-21
$24.00
7/3/2026, 11:09:53 PM
2026-10-16
$18.00
7/3/2026, 11:09:53 PM
2027-01-15
$17.00
7/3/2026, 11:09:53 PM
Selected expiration: 2026-07-17 at max pain $24.00.
ELAN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
911500
911500
14
100
807900
808000
15
300
707300
707600
16
600
607700
608300
17
1600
513600
515200
18
2800
422100
424900
19
9500
334700
344200
20
17200
254400
271600
21
26800
188000
214800
22
42700
129400
172100
23
66600
79700
146300
24
98200
34000
132200
25
151400
1600
153000
26
245000
500
245500
27
366600
400
367000
28
508000
300
508300
29
671200
200
671400
30
851700
100
851800
31
1048000
0
1048000
32
1263800
0
1263800
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.