This page reflects KMX 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 — KMX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $47.50 (3.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$3.42
±6.7%
Days to Expiry
15
Calendar days
Total Call OI
8,814
Nearest expiry
Total Put OI
13,494
Nearest expiry
P/C OI Ratio
1.53
Put-heavy
Spot Price
$50.98
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
$40.00
5/15/2026, 11:21:12 PM
2026-06-18
$45.00
6/18/2026, 11:23:21 PM
2026-07-17NextUpdated
$47.50
7/3/2026, 11:14:06 PM
2026-08-21
$52.50
7/3/2026, 11:14:06 PM
2026-09-18
$45.00
7/3/2026, 11:14:06 PM
2026-10-16
$42.50
7/3/2026, 11:14:06 PM
2027-01-15
$40.00
7/3/2026, 11:14:06 PM
Selected expiration: 2026-07-17 at max pain $47.50.
KMX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
20678250
20678250
20
250
17308000
17308250
22.5
500
14940250
14940750
25
750
12592000
12592750
27.5
1000
10288750
10289750
30
5500
8008250
8013750
32.5
11250
6279750
6291000
35
17750
4653000
4670750
37.5
30500
3455250
3485750
40
55500
2358750
2414250
42.5
143500
1565500
1709000
45
414500
1012000
1426500
47.5
783000
545000
1328000
50
1230500
242750
1473250
52.5
1831750
75250
1907000
55
2537500
4250
2541750
57.5
3491000
1500
3492500
60
4743250
0
4743250
65
8681750
0
8681750
70
12973750
0
12973750
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.