Zebra Technologies CorporationClose $267.18EOD only
Max Pain
$240.00
Next expiry Jul 17, 2026
Expected Move
±$7.25
2.7% from close
Price Gap
-27.18
Distance to max pain
IV Rank
3
Low premium
P/C OI
1.87
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects ZBRA 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 — ZBRA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $240.00 (27.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$7.25
±2.7%
Days to Expiry
15
Calendar days
Total Call OI
523
Nearest expiry
Total Put OI
268
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$267.18
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
$220.00
5/15/2026, 11:46:49 PM
2026-06-18
$220.00
6/18/2026, 11:38:59 PM
2026-07-17NextUpdated
$240.00
7/3/2026, 11:32:11 PM
2026-08-21
$240.00
7/3/2026, 11:32:11 PM
2026-11-20
$250.00
7/3/2026, 11:32:11 PM
2026-12-18
$240.00
7/3/2026, 11:32:11 PM
2027-02-19
$270.00
7/3/2026, 11:32:11 PM
Selected expiration: 2026-07-17 at max pain $240.00.
ZBRA pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
165
0
1580500
1580500
170
0
1447000
1447000
175
0
1314500
1314500
180
0
1184000
1184000
185
0
1054000
1054000
190
0
924500
924500
195
0
798500
798500
200
0
677000
677000
210
8000
454000
462000
220
19000
255000
274000
230
36000
88000
124000
240
72000
45000
117000
250
133000
18000
151000
260
273000
0
273000
270
556000
0
556000
280
872000
0
872000
290
1235000
0
1235000
300
1672000
0
1672000
330
3232000
0
3232000
340
3754000
0
3754000
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.