This page reflects KOD 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 — KOD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $34.00 (4.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$2.92
±7.6%
Days to Expiry
15
Calendar days
Total Call OI
1,904
Nearest expiry
Total Put OI
77
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$38.54
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
$42.00
5/15/2026, 11:23:51 PM
2026-06-18
$30.00
6/18/2026, 11:23:17 PM
2026-07-17NextUpdated
$34.00
7/3/2026, 11:15:54 PM
2026-08-21
$30.00
7/3/2026, 11:15:54 PM
2026-09-18
$35.00
7/3/2026, 11:15:54 PM
2026-10-16
$40.00
7/3/2026, 11:15:54 PM
2026-12-18
$32.00
7/3/2026, 11:15:54 PM
2027-01-15
$20.00
7/3/2026, 11:15:54 PM
Selected expiration: 2026-07-17 at max pain $34.00.
KOD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
77000
77000
24
0
47000
47000
25
100
39500
39600
26
200
32200
32400
27
300
25100
25400
28
400
19600
20000
29
500
14700
15200
30
600
10000
10600
32
800
4400
5200
33
900
2500
3400
34
1100
1300
2400
35
52900
100
53000
36
104700
0
104700
37
166100
0
166100
38
267600
0
267600
39
403700
0
403700
40
543200
0
543200
41
718400
0
718400
43
1069600
0
1069600
44
1246900
0
1246900
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.