This page reflects OKE 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 — OKE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (2.83 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
±$4.20
±4.8%
Days to Expiry
15
Calendar days
Total Call OI
14,572
Nearest expiry
Total Put OI
14,912
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$87.83
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
$90.00
5/15/2026, 11:26:12 PM
2026-06-18
$85.00
6/18/2026, 11:25:30 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:20:27 PM
2026-08-21
$90.00
7/3/2026, 11:20:27 PM
2026-09-18
$90.00
7/3/2026, 11:20:27 PM
2026-10-16
$80.00
7/3/2026, 11:20:27 PM
2026-12-18
$85.00
7/3/2026, 11:20:27 PM
2027-01-15
$80.00
7/3/2026, 11:20:27 PM
2027-03-19
$85.00
7/3/2026, 11:20:27 PM
2027-06-17
$85.00
7/3/2026, 11:20:27 PM
Selected expiration: 2026-07-17 at max pain $85.00.
OKE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
71664500
71664500
40
0
64211500
64211500
45
0
56766000
56766000
50
0
49322000
49322000
55
500
41879000
41879500
60
1000
34446000
34447000
65
2000
27042500
27044500
70
3000
19692000
19695000
75
64000
12421000
12485000
80
240000
5553500
5793500
85
591000
519000
1110000
90
1786500
113500
1900000
95
5230000
0
5230000
100
10110500
0
10110500
105
15796000
0
15796000
110
22452500
0
22452500
115
29679000
0
29679000
120
36944000
0
36944000
125
44229500
0
44229500
130
51515500
0
51515500
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.