thetaOwl

PDD

PDD Holdings Inc.Close $82.39EOD only
Max Pain
$82.00
Next expiry Jul 10, 2026
Expected Move
±$3.74
4.5% from close
Price Gap
-0.39
Distance to max pain
IV Rank
14
Low premium
P/C OI
0.64
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

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

Nearest listed expiration 2026-07-10 shows max pain at $82.00 (0.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$82.00
Nearest expiry
Expected Move
±$3.74
±4.5%
Days to Expiry
8
Calendar days
Total Call OI
8,419
Nearest expiry
Total Put OI
9,214
Nearest expiry
P/C OI Ratio
1.09
Put-heavy
Spot Price
$82.39
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$76.006/26/2026, 11:28:00 PM
2026-07-02$77.007/2/2026, 11:25:31 PM
2026-07-10NextUpdated$82.007/3/2026, 11:19:58 PM
2026-07-17$80.007/3/2026, 11:19:58 PM
2026-07-24$77.007/3/2026, 11:19:58 PM
2026-07-31$77.007/3/2026, 11:19:58 PM
2026-08-07$84.007/3/2026, 11:19:58 PM
2026-08-21$85.007/3/2026, 11:19:58 PM
2026-09-18$90.007/3/2026, 11:19:58 PM
2026-10-16$85.007/3/2026, 11:19:58 PM
2026-11-20$90.007/3/2026, 11:19:58 PM
2026-12-18$100.007/3/2026, 11:19:58 PM
2027-01-15$100.007/3/2026, 11:19:58 PM
2027-03-19$100.007/3/2026, 11:19:58 PM
2027-06-17$105.007/3/2026, 11:19:58 PM
Selected expiration: 2026-07-10 at max pain $82.00.
PDD pain by strike for 2026-07-10 expiration
StrikeCall PainPut PainTotal Pain
6801175080011750800
6901083020010830200
7010099097009909800
71740090145009021900
721670081298008146500
732600072495007275500
743870063887006427400
755300055484005601400
767860048053004883900
7713870040743004213000
7835690033569003713800
7961740027383003355700
8099480021308003125600
81148320015667003049900
82200120010388003040000
8325491005181003067200
84313820089003147100
85376030014003761700
8644438008004444600
8751456002005145800
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.