This page reflects MCD 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 — MCD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $270.00 (10.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$6.35
±2.3%
Days to Expiry
8
Calendar days
Total Call OI
5,945
Nearest expiry
Total Put OI
2,931
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$280.63
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$270.00
6/26/2026, 11:20:44 PM
2026-07-02
$270.00
7/2/2026, 11:21:11 PM
2026-07-10NextUpdated
$270.00
7/3/2026, 11:19:31 PM
2026-07-17
$280.00
7/3/2026, 11:19:31 PM
2026-07-24
$275.00
7/3/2026, 11:19:31 PM
2026-07-31
$275.00
7/3/2026, 11:19:31 PM
2026-08-07
$275.00
7/3/2026, 11:19:31 PM
2026-08-21
$275.00
7/3/2026, 11:19:31 PM
2026-09-18
$290.00
7/3/2026, 11:19:31 PM
2026-10-16
$270.00
7/3/2026, 11:19:31 PM
2026-11-20
$290.00
7/3/2026, 11:19:31 PM
2026-12-18
$290.00
7/3/2026, 11:19:31 PM
2027-01-15
$300.00
7/3/2026, 11:19:31 PM
2027-03-19
$290.00
7/3/2026, 11:19:31 PM
2027-06-17
$290.00
7/3/2026, 11:19:31 PM
Selected expiration: 2026-07-10 at max pain $270.00.
MCD pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
170
0
27555000
27555000
180
0
24632000
24632000
205
2500
17324500
17327000
220
4000
13103500
13107500
230
5000
10302500
10307500
235
5500
8903000
8908500
240
6500
7503500
7510000
245
8000
6110000
6118000
250
12500
4731500
4744000
252.5
16500
4059750
4076250
255
20500
3390500
3411000
257.5
24500
2758500
2783000
260
28500
2166000
2194500
262.5
33000
1626250
1659250
265
38000
1129250
1167250
267.5
58500
763750
822250
270
114250
433250
547500
272.5
286000
286000
572000
275
484750
155250
640000
277.5
815000
81250
896250
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.