This page reflects ZETA 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 — ZETA
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $19.50 (1.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.50
Nearest expiry
Expected Move
±$1.39
±6.7%
Days to Expiry
8
Calendar days
Total Call OI
10,736
Nearest expiry
Total Put OI
3,296
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$20.70
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$19.00
6/26/2026, 11:36:00 PM
2026-07-02
$19.50
7/2/2026, 11:38:33 PM
2026-07-10NextUpdated
$19.50
7/3/2026, 11:32:44 PM
2026-07-17
$20.00
7/3/2026, 11:32:44 PM
2026-07-24
$19.50
7/3/2026, 11:32:44 PM
2026-07-31
$20.00
7/3/2026, 11:32:44 PM
2026-08-07
$19.00
7/3/2026, 11:32:44 PM
2026-08-21
$20.00
7/3/2026, 11:32:44 PM
2026-09-18
$20.00
7/3/2026, 11:32:44 PM
2026-12-18
$20.00
7/3/2026, 11:32:44 PM
2027-01-15
$17.50
7/3/2026, 11:32:44 PM
Selected expiration: 2026-07-10 at max pain $19.50.
ZETA pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
3079550
3079550
10
100
2749950
2750050
11
200
2420450
2420650
14
800
1431950
1432750
15.5
1250
937700
938950
16
1500
773100
774600
16.5
1850
614550
616400
17
2300
463300
465600
17.5
3800
327600
331400
18
6100
238700
244800
18.5
11200
179450
190650
19
17300
125150
142450
19.5
30050
85200
115250
20
103000
52650
155650
20.5
191050
36900
227950
21
289850
26200
316050
21.5
621700
17250
638950
22
980650
12500
993150
22.5
1382000
8200
1390200
23
1805150
5450
1810600
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.