thetaOwl

LLY

Eli Lilly and CompanyClose $1213.91EOD only
Max Pain
$1130.00
Next expiry Jul 10, 2026
Expected Move
±$47.33
3.9% from close
Price Gap
-83.91
Distance to max pain
IV Rank
61
High premium
P/C OI
1.25
Slightly put-heavy
Consensus
4/4
Partial coverage
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects LLY 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 — LLY
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-10 shows max pain at $1130.00 (83.91 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$1130.00
Nearest expiry
Expected Move
±$47.33
±3.9%
Days to Expiry
8
Calendar days
Total Call OI
8,426
Nearest expiry
Total Put OI
16,104
Nearest expiry
P/C OI Ratio
1.91
Put-heavy
Spot Price
$1213.91
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-10
ExpirationMax Pain StrikeLast Updated
2026-06-26$1100.006/26/2026, 11:19:59 PM
2026-07-02$1160.007/2/2026, 11:19:10 PM
2026-07-10NextUpdated$1130.007/3/2026, 11:18:36 PM
2026-07-17$1080.007/3/2026, 11:18:36 PM
2026-07-24$1145.007/3/2026, 11:18:36 PM
2026-07-31$1100.007/3/2026, 11:18:36 PM
2026-08-07$1180.007/3/2026, 11:18:36 PM
2026-08-21$1060.007/3/2026, 11:18:36 PM
2026-09-18$980.007/3/2026, 11:18:36 PM
2026-10-16$1030.007/3/2026, 11:18:36 PM
2026-11-20$1060.007/3/2026, 11:18:36 PM
2026-12-18$920.007/3/2026, 11:18:36 PM
2027-01-15$900.007/3/2026, 11:18:36 PM
2027-03-19$1010.007/3/2026, 11:18:36 PM
2027-06-17$830.007/3/2026, 11:18:36 PM
Selected expiration: 2026-07-10 at max pain $1130.00.
LLY pain by strike for 2026-07-10 expiration
StrikeCall PainPut PainTotal Pain
5600394313250394313250
5700378698250378698250
5800363350250363350250
5900348224250348224250
6000333521250333521250
6100319974250319974250
6200306521250306521250
6300293207250293207250
6400280082250280082250
6500267115250267115250
6600254448250254448250
6700241996250241996250
6800229967250229967250
6900218031250218031250
7000206134250206134250
7100194692250194692250
7200183515250183515250
7300172567250172567250
7400162114250162114250
7500151864250151864250
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.