thetaOwl

OLED

Universal Display CorporationClose $78.70EOD only
Max Pain
$90.00
Next expiry Jul 17, 2026
Expected Move
±$6.20
7.9% from close
Price Gap
+11.30
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.71
Slightly call-heavy
Consensus
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

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

Nearest listed expiration 2026-07-17 shows max pain at $90.00 (11.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$6.20
±7.9%
Days to Expiry
15
Calendar days
Total Call OI
1,060
Nearest expiry
Total Put OI
1,452
Nearest expiry
P/C OI Ratio
1.37
Put-heavy
Spot Price
$78.70
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-17
ExpirationMax Pain StrikeLast Updated
2026-05-15$95.005/15/2026, 11:29:00 PM
2026-06-18$90.006/18/2026, 11:25:42 PM
2026-07-17NextUpdated$90.007/3/2026, 11:23:54 PM
2026-08-21$90.007/3/2026, 11:23:54 PM
2026-09-18$105.007/3/2026, 11:23:54 PM
2026-11-20$100.007/3/2026, 11:23:54 PM
2026-12-18$90.007/3/2026, 11:23:54 PM
Selected expiration: 2026-07-17 at max pain $90.00.
OLED pain by strike for 2026-07-17 expiration
StrikeCall PainPut PainTotal Pain
55038460003846000
65023940002394000
70016690001669000
752000953000955000
804000611500615500
8523500319000342500
9068000119500187500
9516950061500231000
10039150032500424000
10567300024000697000
110985500155001001000
115136650070001373500
120175650001756500
125217800002178000
130260550002605500
135306150003061500
140352300003523000
145398600003986000
150444950004449500
155496400004964000
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.