Joint Stock Company Kaspi.kz - Close $89.82EOD only
Max Pain
$85.00
Next expiry Jul 17, 2026
Expected Move
±$6.03
6.7% from close
Price Gap
-4.82
Distance to max pain
IV Rank
7
Low premium
P/C OI
1.57
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects KSPI 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 — KSPI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (4.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$6.03
±6.7%
Days to Expiry
15
Calendar days
Total Call OI
592
Nearest expiry
Total Put OI
691
Nearest expiry
P/C OI Ratio
1.17
Put-heavy
Spot Price
$89.82
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
$85.00
5/15/2026, 11:22:34 PM
2026-06-18
$85.00
6/18/2026, 11:20:25 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:18:02 PM
2026-08-21
$85.00
7/3/2026, 11:18:02 PM
2026-09-18
$75.00
7/3/2026, 11:18:02 PM
2026-12-18
$90.00
7/3/2026, 11:18:02 PM
Selected expiration: 2026-07-17 at max pain $85.00.
KSPI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
1182500
1182500
70
0
839000
839000
75
0
503500
503500
80
5500
223500
229000
85
61500
6500
68000
90
155000
0
155000
95
293500
0
293500
100
490000
0
490000
105
732000
0
732000
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.