thetaOwl

PLAY

Dave & Buster's Entertainment, Close $11.04EOD only
Max Pain
$12.00
Next expiry Jul 17, 2026
Expected Move
±$1.62
14.7% from close
Price Gap
+0.96
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.74
Slightly call-heavy
Consensus
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

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

Nearest listed expiration 2026-07-17 shows max pain at $12.00 (0.96 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$1.62
±14.7%
Days to Expiry
15
Calendar days
Total Call OI
11,828
Nearest expiry
Total Put OI
10,906
Nearest expiry
P/C OI Ratio
0.92
Put-heavy
Spot Price
$11.04
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$12.005/15/2026, 11:29:15 PM
2026-06-18$12.006/18/2026, 11:25:54 PM
2026-07-17NextUpdated$12.007/3/2026, 11:26:37 PM
2026-08-21$13.007/3/2026, 11:26:37 PM
2026-10-16$11.007/3/2026, 11:26:37 PM
2027-01-15$14.007/3/2026, 11:26:37 PM
Selected expiration: 2026-07-17 at max pain $12.00.
PLAY pain by strike for 2026-07-17 expiration
StrikeCall PainPut PainTotal Pain
3084847008484700
580063077006308500
6210052201005222200
7920041362004145400
81680030725003089300
92590020664002092300
103850013014001339900
11177500777100954600
12437700438600876300
138247003214001146100
1414160002303001646300
1521230001548002277800
1630580001028003160800
174023600567004080300
185004600143005018900
196097900112006109100
20720100088007209800
21832160071008328700
22944700056009452600
2310578600420010582800
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.