This page reflects ZM 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 — ZM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $86.00 (1.14 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$86.00
Nearest expiry
Expected Move
±$4.25
±4.9%
Days to Expiry
8
Calendar days
Total Call OI
2,793
Nearest expiry
Total Put OI
1,301
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$87.14
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
$86.00
6/26/2026, 11:36:23 PM
2026-07-02
$88.00
7/2/2026, 11:38:22 PM
2026-07-10NextUpdated
$86.00
7/3/2026, 11:32:24 PM
2026-07-17
$92.50
7/3/2026, 11:32:24 PM
2026-07-24
$93.00
7/3/2026, 11:32:24 PM
2026-07-31
$90.00
7/3/2026, 11:32:24 PM
2026-08-07
$97.00
7/3/2026, 11:32:24 PM
2026-08-21
$90.00
7/3/2026, 11:32:24 PM
2026-09-18
$87.50
7/3/2026, 11:32:24 PM
2026-11-20
$90.00
7/3/2026, 11:32:24 PM
2026-12-18
$80.00
7/3/2026, 11:32:24 PM
2027-01-15
$90.00
7/3/2026, 11:32:24 PM
2027-02-19
$90.00
7/3/2026, 11:32:24 PM
2027-03-19
$97.50
7/3/2026, 11:32:24 PM
2027-06-17
$95.00
7/3/2026, 11:32:24 PM
Selected expiration: 2026-07-10 at max pain $86.00.
ZM pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
3763700
3763700
60
500
3113200
3113700
65
2000
2462700
2464700
70
3500
1822200
1825700
75
5500
1181700
1187200
77
7500
938700
946200
78
8500
817700
826200
79
9600
699600
709200
80
10700
583600
594300
81
19400
484900
504300
82
28600
398700
427300
83
41500
322900
364400
84
58800
254900
313700
85
88600
196400
285000
86
120800
154100
274900
87
157900
122500
280400
88
198000
93600
291600
89
248000
68400
316400
90
300800
47900
348700
91
376400
32200
408600
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.