Nearest listed expiration 2026-07-17 shows max pain at $236.00 (0.45 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$236.00
Nearest expiry
Expected Move
±$37.55
±15.9%
Days to Expiry
15
Calendar days
Total Call OI
34,667
Nearest expiry
Total Put OI
35,707
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$235.55
Published close
Consensus
7.0/10
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
$1740.00
5/15/2026, 11:20:51 PM
2026-06-18
$188.00
6/18/2026, 11:19:10 PM
2026-07-17NextUpdated
$236.00
7/3/2026, 11:19:58 PM
2026-08-21
$234.00
7/3/2026, 11:19:58 PM
2026-09-18
$224.00
7/3/2026, 11:19:58 PM
2026-11-20
$198.00
7/3/2026, 11:19:58 PM
2026-12-18
$180.00
7/3/2026, 11:19:58 PM
2027-01-15
$174.00
7/3/2026, 11:19:58 PM
2027-03-19
$236.00
7/3/2026, 11:19:58 PM
2027-06-17
$202.00
7/3/2026, 11:19:58 PM
Selected expiration: 2026-07-17 at max pain $236.00.
KLAC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
116
0
568679400
568679400
118
0
561688200
561688200
120
2000
554704000
554706000
122
4000
547738000
547742000
124
10000
540946400
540956400
126
20000
534162800
534182800
128
36000
527419200
527455200
130
56000
520693600
520749600
132
78000
513992000
514070000
134
102000
507314400
507416400
136
132000
500662800
500794800
138
166000
494070000
494236000
140
202000
487501200
487703200
142
244000
481029800
481273800
144
286000
474582600
474868600
146
334000
468155400
468489400
148
382200
461744800
462127000
150
430400
455361400
455791800
151
457800
452400800
452858600
152
485300
449442200
449927500
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.