This page reflects ZBH 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 — ZBH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (2.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$4.30
±4.9%
Days to Expiry
15
Calendar days
Total Call OI
610
Nearest expiry
Total Put OI
626
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$87.47
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
$85.00
5/15/2026, 11:46:54 PM
2026-06-18
$85.00
6/18/2026, 11:39:52 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:32:55 PM
2026-08-21
$90.00
7/3/2026, 11:32:55 PM
2026-09-18
$85.00
7/3/2026, 11:32:55 PM
2026-12-18
$85.00
7/3/2026, 11:32:55 PM
2027-01-15
$95.00
7/3/2026, 11:32:55 PM
2027-03-19
$80.00
7/3/2026, 11:32:55 PM
2027-06-17
$85.00
7/3/2026, 11:32:55 PM
Selected expiration: 2026-07-17 at max pain $85.00.
ZBH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
2379000
2379000
50
0
2067000
2067000
55
0
1755000
1755000
60
0
1443000
1443000
65
0
1131000
1131000
70
0
819000
819000
75
0
515000
515000
80
0
220500
220500
85
500
16000
16500
90
56000
0
56000
95
273500
0
273500
100
547000
0
547000
110
1154000
0
1154000
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.