This page reflects CABA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — CABA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $3.00 (0.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3.00
Nearest expiry
Expected Move
±$0.68
±19.6%
Days to Expiry
29
Calendar days
Total Call OI
4,391
Nearest expiry
Total Put OI
1,284
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$3.44
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$2.50
4/17/2026, 11:06:03 PM
2026-05-15
$2.50
5/15/2026, 11:06:06 PM
2026-06-18NextUpdated
$3.00
5/20/2026, 11:06:48 PM
2026-07-17
$3.00
5/20/2026, 11:06:48 PM
2026-08-21
$2.50
5/20/2026, 11:06:48 PM
2026-09-18
$2.00
5/20/2026, 11:06:48 PM
2026-11-20
$2.50
5/20/2026, 11:06:48 PM
2027-01-15
$2.50
5/20/2026, 11:06:48 PM
Selected expiration: 2026-06-18 at max pain $3.00.
CABA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
320700
320700
1.5
0
192900
192900
2
50
129000
129050
2.5
4600
65450
70050
3
11850
27100
38950
3.5
44850
7650
52500
4
116400
2850
119250
4.5
307850
800
308650
5
520450
250
520700
5.5
735000
200
735200
7.5
1613200
0
1613200
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.