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CAT

Caterpillar, Inc.Close $840.87EOD only
Max Pain
$870.00
Next expiry Aug 21, 2026
Expected Move
±$26.10
3.1% from close
Price Gap
+29.13
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.16
Slightly put-heavy
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects CAT 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 — CAT
Data as of market close Aug 18, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $870.00 (29.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$870.00
Nearest expiry
Expected Move
±$26.10
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
32,967
Nearest expiry
Total Put OI
36,577
Nearest expiry
P/C OI Ratio
1.11
Put-heavy
Spot Price
$840.87
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$850.008/7/2026, 11:08:29 PM
2026-08-14$835.008/14/2026, 11:07:02 PM
2026-08-21NextUpdated$870.008/18/2026, 11:04:23 PM
2026-08-28$867.508/18/2026, 11:04:23 PM
2026-09-04$810.008/18/2026, 11:04:23 PM
2026-09-11$855.008/18/2026, 11:04:23 PM
2026-09-18$800.008/18/2026, 11:04:23 PM
2026-09-25$905.008/18/2026, 11:04:23 PM
2026-10-02$855.008/18/2026, 11:04:23 PM
2026-10-16$870.008/18/2026, 11:04:23 PM
2026-11-20$850.008/18/2026, 11:04:23 PM
2026-12-18$830.008/18/2026, 11:04:23 PM
2027-01-15$600.008/18/2026, 11:04:23 PM
2027-02-19$900.008/18/2026, 11:04:23 PM
2027-03-19$840.008/18/2026, 11:04:23 PM
2027-06-17$800.008/18/2026, 11:04:23 PM
Selected expiration: 2026-08-21 at max pain $870.00.
CAT pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
330012971137501297113750
340012609187501260918750
350200012251567501225158750
360600011896477501189653750
3701000011544877501154497750
3801600011197287501119744750
3904700010856347501085681750
4008000010518297501051909750
41011400010183677501018481750
420152000985117750985269750
430191000952156750952347750
440243000919364750919607750
450313000887194750887507750
460403000855451750855854750
470501000824252750824753750
480631000793831750794462750
490764000763748750764512750
500900000733907750734807750
5101099000704749750705848750
5201332000676223750677555750
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.