This page reflects KGS 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 — KGS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (2.06 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$5.25
±7.7%
Days to Expiry
15
Calendar days
Total Call OI
2,053
Nearest expiry
Total Put OI
3,937
Nearest expiry
P/C OI Ratio
1.92
Put-heavy
Spot Price
$67.94
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
$62.50
5/15/2026, 11:20:51 PM
2026-06-18
$70.00
6/18/2026, 11:23:11 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:16:46 PM
2026-08-21
$55.00
7/3/2026, 11:16:46 PM
2026-10-16
$60.00
7/3/2026, 11:16:46 PM
2027-01-15
$37.50
7/3/2026, 11:16:46 PM
Selected expiration: 2026-07-17 at max pain $70.00.
KGS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
13714250
13714250
30
5000
12730500
12735500
32.5
15000
11746750
11761750
37.5
35000
9779250
9814250
40
45250
8795500
8840750
42.5
56750
7887500
7944250
45
71000
6980750
7051750
47.5
86750
6074000
6160750
50
102500
5168500
5271000
52.5
118500
4264500
4383000
55
138750
3360500
3499250
57.5
162000
2531750
2693750
60
185750
1703250
1889000
62.5
260750
878000
1138750
65
356750
305000
661750
67.5
461750
134500
596250
70
568000
4250
572250
72.5
704000
2750
706750
75
1091500
1750
1093250
77.5
1486500
1000
1487500
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.