This page reflects KAI 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 — KAI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $160.00 (149.00 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
±$33.55
±10.9%
Days to Expiry
15
Calendar days
Total Call OI
35
Nearest expiry
Total Put OI
4
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$309.00
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
$290.00
5/15/2026, 11:19:57 PM
2026-06-18
$280.00
6/18/2026, 11:19:09 PM
2026-07-17NextUpdated
$160.00
7/3/2026, 11:17:14 PM
2026-10-16
$290.00
7/3/2026, 11:17:14 PM
2027-01-15
$310.00
7/3/2026, 11:17:14 PM
Selected expiration: 2026-07-17 at max pain $160.00.
KAI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
42000
42000
150
0
40000
40000
155
1000
38000
39000
160
2000
36000
38000
165
4000
34000
38000
170
6500
32000
38500
175
9000
30000
39000
185
15000
26000
41000
195
21000
22000
43000
200
24500
20000
44500
210
31500
16000
47500
220
39500
12000
51500
230
47500
8000
55500
240
56500
4000
60500
250
65500
0
65500
270
83500
0
83500
280
93500
0
93500
290
104500
0
104500
300
117500
0
117500
310
132500
0
132500
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.