This page reflects KMI 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 — KMI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $32.00 (0.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$0.85
±2.7%
Days to Expiry
8
Calendar days
Total Call OI
6,836
Nearest expiry
Total Put OI
2,547
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$32.06
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$32.00
6/26/2026, 11:17:54 PM
2026-07-02
$32.00
7/2/2026, 11:19:09 PM
2026-07-10NextUpdated
$32.00
7/3/2026, 11:15:48 PM
2026-07-17
$32.00
7/3/2026, 11:15:48 PM
2026-07-24
$32.00
7/3/2026, 11:15:48 PM
2026-07-31
$33.00
7/3/2026, 11:15:48 PM
2026-08-07
$33.00
7/3/2026, 11:15:48 PM
2026-08-21
$31.00
7/3/2026, 11:15:48 PM
2026-09-18
$30.00
7/3/2026, 11:15:48 PM
2026-12-18
$30.00
7/3/2026, 11:15:48 PM
2027-01-15
$27.00
7/3/2026, 11:15:48 PM
2027-03-19
$32.00
7/3/2026, 11:15:48 PM
2027-06-17
$30.00
7/3/2026, 11:15:48 PM
Selected expiration: 2026-07-10 at max pain $32.00.
KMI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
2965600
2965600
22
0
2456800
2456800
24
0
1948200
1948200
27
300
1185300
1185600
28
400
931200
931600
29
500
677400
677900
29.5
550
551150
551700
30
600
425600
426200
30.5
1050
306950
308000
31
1500
188650
190150
31.5
3550
118900
122450
32
5600
51050
56650
32.5
59950
24550
84500
33
122400
50
122450
33.5
248750
0
248750
34
403000
0
403000
34.5
736950
0
736950
35
1072100
0
1072100
35.5
1410350
0
1410350
36
1748700
0
1748700
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.