This page reflects CARG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — CARG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $36.00 (0.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$36.00
Nearest expiry
Expected Move
±$1.95
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
652
Nearest expiry
Total Put OI
1,201
Nearest expiry
P/C OI Ratio
1.84
Put-heavy
Spot Price
$36.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$28.00
6/18/2026, 11:06:57 PM
2026-07-17
$29.00
7/17/2026, 11:08:28 PM
2026-08-21NextUpdated
$36.00
8/18/2026, 11:07:53 PM
2026-09-18
$34.00
8/18/2026, 11:07:53 PM
2026-11-20
$34.00
8/18/2026, 11:07:53 PM
2027-02-19
$34.00
8/18/2026, 11:07:53 PM
Selected expiration: 2026-08-21 at max pain $36.00.
CARG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2262900
2262900
20
1000
1662400
1663400
21
1300
1542300
1543600
23
1900
1302100
1304000
24
2200
1182000
1184200
25
2700
1061900
1064600
26
3200
941800
945000
27
5400
821700
827100
28
7600
703000
710600
29
10200
584400
594600
30
12800
466300
479100
31
16200
350500
366700
32
19700
234900
254600
33
23800
176600
200400
34
28100
118500
146600
35
36200
60400
96600
36
50200
2800
53000
37
66100
2000
68100
38
86000
1400
87400
39
109600
800
110400
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.