This page reflects IDCC 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 — IDCC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $280.00 (1.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$19.45
±6.9%
Days to Expiry
15
Calendar days
Total Call OI
386
Nearest expiry
Total Put OI
535
Nearest expiry
P/C OI Ratio
1.39
Put-heavy
Spot Price
$281.40
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
$280.00
5/15/2026, 11:19:16 PM
2026-06-18
$280.00
6/18/2026, 11:21:34 PM
2026-07-17NextUpdated
$280.00
7/3/2026, 11:15:39 PM
2026-08-21
$280.00
7/3/2026, 11:15:39 PM
2026-09-18
$290.00
7/3/2026, 11:15:39 PM
2026-12-18
$310.00
7/3/2026, 11:15:39 PM
2027-01-15
$290.00
7/3/2026, 11:15:39 PM
2027-03-19
$270.00
7/3/2026, 11:15:39 PM
Selected expiration: 2026-07-17 at max pain $280.00.
IDCC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
3917000
3917000
185
500
3649500
3650000
190
1500
3382000
3383500
200
3500
2847000
2850500
220
11500
1777000
1788500
230
15500
1352000
1367500
240
19500
1031000
1050500
250
24500
740000
764500
260
35500
532000
567500
270
48500
382000
430500
280
82500
308000
390500
290
147500
254000
401500
300
231500
215000
446500
310
387500
176000
563500
320
589500
140000
729500
330
827500
104000
931500
340
1089500
68000
1157500
350
1366500
33000
1399500
360
1671500
28000
1699500
370
1978500
23000
2001500
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.