This page reflects ZTS 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 — ZTS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (5.20 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.62
±4.8%
Days to Expiry
15
Calendar days
Total Call OI
16,921
Nearest expiry
Total Put OI
12,299
Nearest expiry
P/C OI Ratio
0.73
Put-heavy
Spot Price
$74.80
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, 11:48:31 PM
2026-06-18
$80.00
6/18/2026, 11:37:16 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:34:49 PM
2026-08-21
$75.00
7/3/2026, 11:34:49 PM
2026-09-18
$80.00
7/3/2026, 11:34:49 PM
2026-10-16
$85.00
7/3/2026, 11:34:49 PM
2026-12-18
$85.00
7/3/2026, 11:34:49 PM
2027-01-15
$80.00
7/3/2026, 11:34:49 PM
2027-03-19
$75.00
7/3/2026, 11:34:49 PM
2027-06-17
$65.00
7/3/2026, 11:34:49 PM
Selected expiration: 2026-07-17 at max pain $80.00.
ZTS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
32184000
32184000
50
9000
26040000
26049000
55
47500
19899000
19946500
60
86500
14361500
14448000
65
136000
9078500
9214500
70
195000
4677000
4872000
75
309000
1737000
2046000
80
975000
113500
1088500
85
3687500
47500
3735000
90
9339000
37500
9376500
95
16193000
27500
16220500
100
23488500
17500
23506000
105
31210000
14000
31224000
110
38963000
11500
38974500
115
46757000
9000
46766000
120
54565000
6500
54571500
125
62424000
4000
62428000
130
70359000
3500
70362500
135
78435000
3000
78438000
140
86585500
2500
86588000
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.