This page reflects CARR 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 — CARR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $64.00 (2.58 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$64.00
Nearest expiry
Expected Move
±$1.35
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
5,092
Nearest expiry
Total Put OI
28,336
Nearest expiry
P/C OI Ratio
5.56
Put-heavy
Spot Price
$61.42
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
2026-08-07
$64.00
8/7/2026, 11:08:10 PM
2026-08-14
$64.00
8/14/2026, 11:08:24 PM
2026-08-21NextUpdated
$64.00
8/18/2026, 11:07:52 PM
2026-08-28
$65.00
8/18/2026, 11:07:52 PM
2026-09-04
$63.00
8/18/2026, 11:07:52 PM
2026-09-11
$60.00
8/18/2026, 11:07:52 PM
2026-09-18
$65.00
8/18/2026, 11:07:52 PM
2026-09-25
$59.00
8/18/2026, 11:07:52 PM
2026-12-18
$65.00
8/18/2026, 11:07:52 PM
2027-01-15
$67.50
8/18/2026, 11:07:52 PM
2027-03-19
$62.50
8/18/2026, 11:07:52 PM
2027-06-17
$62.50
8/18/2026, 11:07:52 PM
Selected expiration: 2026-08-21 at max pain $64.00.
CARR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
26688800
26688800
50
250
19604800
19605050
53
1450
11109700
11111150
55
2250
5446500
5448750
57
3050
946500
949550
58
3450
764100
767550
59
6350
593700
600050
60
11750
449500
461250
61
18350
350300
368650
62
25850
255300
281150
62.5
30300
214700
245000
63
35200
189850
225050
64
68700
147250
215950
65
107700
112250
219950
66
176300
90950
267250
66.5
213750
80600
294350
67
252000
70350
322350
67.5
290700
60200
350900
68
331500
52700
384200
68.5
373000
45750
418750
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.