This page reflects KTB 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 — KTB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $70.00 (15.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$2.45
±2.9%
Days to Expiry
15
Calendar days
Total Call OI
124
Nearest expiry
Total Put OI
86
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$85.00
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
$65.00
5/15/2026, 11:24:00 PM
2026-06-18
$65.00
6/18/2026, 11:23:40 PM
2026-07-17NextUpdated
$70.00
7/3/2026, 11:17:07 PM
2026-08-21
$65.00
7/3/2026, 11:17:07 PM
2026-09-18
$50.00
7/3/2026, 11:17:07 PM
2026-12-18
$60.00
7/3/2026, 11:17:07 PM
Selected expiration: 2026-07-17 at max pain $70.00.
KTB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
149000
149000
40
0
113000
113000
45
0
77000
77000
50
0
58500
58500
55
0
40500
40500
60
500
22500
23000
65
1000
10000
11000
70
2000
4500
6500
75
5000
3500
8500
80
12000
2500
14500
85
26000
1500
27500
90
86500
500
87000
95
148500
0
148500
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.