CBL & Associates Properties, InClose $52.63EOD only
Max Pain
$41.00
Next expiry Jul 17, 2026
Expected Move
±$0.58
1.1% from close
Price Gap
-11.63
Distance to max pain
IV Rank
68
High premium
P/C OI
1.63
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects CBL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — CBL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $41.00 (11.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$41.00
Nearest expiry
Expected Move
±$0.58
±1.1%
Days to Expiry
15
Calendar days
Total Call OI
115
Nearest expiry
Total Put OI
124
Nearest expiry
P/C OI Ratio
1.08
Put-heavy
Spot Price
$52.63
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$39.83
5/15/2026, 11:07:14 PM
2026-06-18
$43.00
6/18/2026, 11:07:08 PM
2026-07-17NextUpdated
$41.00
7/3/2026, 11:07:02 PM
2026-10-16
$46.83
7/3/2026, 11:07:02 PM
2026-11-20
$36.83
7/3/2026, 11:07:02 PM
2027-01-15
$40.00
7/3/2026, 11:07:02 PM
Selected expiration: 2026-07-17 at max pain $41.00.
CBL pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
23.83
0
148994
148994
24
0
146886
146886
25.83
0
124560
124560
26
0
122486
122486
26.83
0
113107
113107
27
0
111186
111186
27.83
0
101890
101890
28
0
99986
99986
28.83
0
90773
90773
29
0
88886
88886
29.83
83
79673
79756
30
100
77786
77886
30.83
266
68573
68839
31
300
66686
66986
31.83
466
62453
62919
32
500
61586
62086
32.83
666
57519
58185
33
700
56686
57386
33.83
866
52868
53734
34
900
52086
52986
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.