This page reflects KEN 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 — KEN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (11.90 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$4.00
±5.9%
Days to Expiry
15
Calendar days
Total Call OI
276
Nearest expiry
Total Put OI
180
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$68.10
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
$85.00
5/15/2026, 11:19:10 PM
2026-06-18
$75.00
6/18/2026, 11:23:06 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:17:35 PM
2026-08-21
$70.00
7/3/2026, 11:17:35 PM
2026-10-16
$80.00
7/3/2026, 11:17:35 PM
2027-01-15
$65.00
7/3/2026, 11:17:35 PM
Selected expiration: 2026-07-17 at max pain $80.00.
KEN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
629500
629500
45
0
540000
540000
50
0
451000
451000
55
0
362500
362500
60
0
275000
275000
65
0
189000
189000
70
500
111500
112000
75
7500
58500
66000
80
26000
36000
62000
85
65500
15500
81000
90
169500
0
169500
95
298000
0
298000
100
433500
0
433500
105
571500
0
571500
110
709500
0
709500
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.