This page reflects UDR 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 — UDR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $35.00 (6.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$1.55
±3.8%
Days to Expiry
15
Calendar days
Total Call OI
2,531
Nearest expiry
Total Put OI
1,535
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$41.09
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
$35.00
5/15/2026, 11:42:36 PM
2026-06-18
$32.50
6/18/2026, 11:31:26 PM
2026-07-17NextUpdated
$35.00
7/3/2026, 11:32:33 PM
2026-10-16
$37.50
7/3/2026, 11:32:33 PM
2027-01-15
$40.00
7/3/2026, 11:32:33 PM
Selected expiration: 2026-07-17 at max pain $35.00.
UDR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
1825250
1825250
20
0
1441750
1441750
22.5
0
1058250
1058250
25
250
674750
675000
27.5
500
292250
292750
30
750
159750
160500
32.5
3000
36750
39750
35
6500
22750
29250
37.5
12750
16750
29500
40
41000
12000
53000
42.5
638250
8500
646750
45
1240750
5000
1245750
47.5
1873500
1500
1875000
50
2506250
0
2506250
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.