This page reflects KDP 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 — KDP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $31.00 (2.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.00
Nearest expiry
Expected Move
±$1.25
±3.8%
Days to Expiry
15
Calendar days
Total Call OI
7,864
Nearest expiry
Total Put OI
4,273
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$33.30
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
$27.00
5/15/2026, 11:20:23 PM
2026-06-18
$30.00
6/18/2026, 11:19:14 PM
2026-07-17NextUpdated
$31.00
7/3/2026, 11:16:12 PM
2026-08-21
$32.00
7/3/2026, 11:16:12 PM
2026-09-18
$30.00
7/3/2026, 11:16:12 PM
2026-10-16
$31.00
7/3/2026, 11:16:12 PM
2026-12-18
$30.00
7/3/2026, 11:16:12 PM
2027-01-15
$28.00
7/3/2026, 11:16:12 PM
2027-03-19
$28.00
7/3/2026, 11:16:12 PM
2027-06-17
$20.00
7/3/2026, 11:16:12 PM
Selected expiration: 2026-07-17 at max pain $31.00.
KDP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
5925200
5925200
19
0
4216800
4216800
20
0
3790200
3790200
21
100
3364500
3364600
22
200
2939400
2939600
23
300
2515400
2515700
24
400
2108100
2108500
25
500
1704000
1704500
26
700
1321700
1322400
27
900
1006600
1007500
28
1200
731400
732600
29
2800
479400
482200
30
23300
291900
315200
31
99300
134800
234100
32
414500
44300
458800
33
843100
2800
845900
34
1447100
100
1447200
35
2184400
0
2184400
36
2967000
0
2967000
39
5325900
0
5325900
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.