This page reflects CCB 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 — CCB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (9.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$1.47
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
1,009
Nearest expiry
Total Put OI
39
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$49.54
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
$70.00
6/18/2026, 11:06:54 PM
2026-07-17
$75.00
7/17/2026, 11:08:02 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:03:47 PM
2026-09-18
$50.00
8/18/2026, 11:03:47 PM
2026-10-16
$50.00
8/18/2026, 11:03:47 PM
2027-01-15
$35.00
8/18/2026, 11:03:47 PM
Selected expiration: 2026-08-21 at max pain $40.00.
CCB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
62500
62500
25
2000
43000
45000
30
4000
24500
28500
35
6000
11500
17500
40
8000
1000
9000
45
164500
0
164500
50
473500
0
473500
55
815000
0
815000
60
1310500
0
1310500
65
1812000
0
1812000
70
2313500
0
2313500
75
2815000
0
2815000
80
3316500
0
3316500
85
3819000
0
3819000
90
4321500
0
4321500
95
4825000
0
4825000
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.