What is CAT max pain this week?

CAT max pain for the nearest expiration (2026-05-22) is $880.00. Total call open interest: 7,500. Total put open interest: 11,550.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options CATMax Pain

CAT

Caterpillar, Inc.Close $872.56EOD only

Max Pain

$880.00

Next expiry May 22, 2026

Expected Move

±$26.05

3.0% from close

Price Gap

+7.44

Distance to max pain

IV Rank

Low premium

P/C OI

1.28

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 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

May 20, 2026 close

Max Pain — CAT

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $880.00 (7.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$880.00

Nearest expiry

Expected Move

±$26.05

±3.0%

Days to Expiry

Calendar days

Total Call OI

7,500

Nearest expiry

Total Put OI

11,550

Nearest expiry

P/C OI Ratio

1.54

Put-heavy

Spot Price

$872.56

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-05-22

Expiration	Max Pain Strike	Last Updated
2026-05-08	$880.00	5/8/2026, 11:08:46 PM
2026-05-15	$800.00	5/15/2026, 11:07:23 PM
2026-05-22NextUpdated	$880.00	5/20/2026, 11:08:18 PM
2026-05-29	$865.00	5/20/2026, 11:08:18 PM
2026-06-05	$875.00	5/20/2026, 11:08:18 PM
2026-06-12	$900.00	5/20/2026, 11:08:18 PM
2026-06-18	$700.00	5/20/2026, 11:08:18 PM
2026-06-26	$875.00	5/20/2026, 11:08:18 PM
2026-07-17	$790.00	5/20/2026, 11:08:18 PM
2026-08-21	$780.00	5/20/2026, 11:08:18 PM
2026-09-18	$720.00	5/20/2026, 11:08:18 PM
2026-11-20	$780.00	5/20/2026, 11:08:18 PM
2026-12-18	$740.00	5/20/2026, 11:08:18 PM
2027-01-15	$560.00	5/20/2026, 11:08:18 PM
2027-03-19	$790.00	5/20/2026, 11:08:18 PM

Selected expiration: 2026-05-22 at max pain $880.00.

CAT pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
390	0	380290250	380290250
400	0	368796250	368796250
405	2000	363109250	363111250
410	13000	357460250	357473250
415	24000	351892250	351916250
420	35000	346355750	346390750
425	46000	340846750	340892750
465	134000	296914750	297048750
475	188000	285931750	286119750
480	215000	280468750	280683750
485	242500	275066750	275309250
490	270000	269693250	269963250
495	297500	264373750	264671250
500	325000	259122250	259447250
505	352500	254130250	254482750
510	380000	249200250	249580250
520	435000	239369250	239804250
525	462500	234672250	235134750
530	490500	229975250	230465750
535	519000	225319750	225838750

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.