Strategy Inc - 10.00% Series A Close $60.96EOD only
Max Pain
$60.00
Next expiry Jul 17, 2026
Expected Move
±$5.83
9.6% from close
Price Gap
-0.96
Distance to max pain
IV Rank
24
Low premium
P/C OI
0.69
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects STRD 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 — STRD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (0.96 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$5.83
±9.6%
Days to Expiry
15
Calendar days
Total Call OI
275
Nearest expiry
Total Put OI
192
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$60.96
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
$75.00
5/15/2026, 11:35:38 PM
2026-06-18
$75.00
6/18/2026, 11:33:08 PM
2026-07-17NextUpdated
$60.00
7/3/2026, 11:31:22 PM
2026-08-21
$70.00
7/3/2026, 11:31:22 PM
2026-11-20
$70.00
7/3/2026, 11:31:22 PM
2027-02-19
$55.00
7/3/2026, 11:31:22 PM
Selected expiration: 2026-07-17 at max pain $60.00.
STRD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
380000
380000
45
0
284000
284000
50
0
198000
198000
55
24500
112000
136500
60
53500
46500
100000
65
100500
3000
103500
70
159000
0
159000
75
222000
0
222000
80
346500
0
346500
85
477000
0
477000
100
876000
0
876000
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.