This page reflects CCJ 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 — CCJ
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $110.00 (5.98 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$1.98
±1.9%
Days to Expiry
2
Calendar days
Total Call OI
7,259
Nearest expiry
Total Put OI
31,966
Nearest expiry
P/C OI Ratio
4.40
Put-heavy
Spot Price
$104.02
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
$117.00
5/8/2026, 11:08:14 PM
2026-05-15
$116.00
5/15/2026, 11:04:15 PM
2026-05-22NextUpdated
$110.00
5/20/2026, 11:07:50 PM
2026-05-29
$115.00
5/20/2026, 11:07:50 PM
2026-06-05
$115.00
5/20/2026, 11:07:50 PM
2026-06-12
$114.00
5/20/2026, 11:07:50 PM
2026-06-18
$105.00
5/20/2026, 11:07:50 PM
2026-06-26
$112.00
5/20/2026, 11:07:50 PM
2026-07-17
$110.00
5/20/2026, 11:07:50 PM
2026-09-18
$115.00
5/20/2026, 11:07:50 PM
2026-12-18
$120.00
5/20/2026, 11:07:50 PM
2027-01-15
$90.00
5/20/2026, 11:07:50 PM
Selected expiration: 2026-05-22 at max pain $110.00.
CCJ pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
64411400
64411400
75
0
48429900
48429900
80
0
32450900
32450900
85
1000
16540900
16541900
90
4500
8192400
8196900
92
6300
7105000
7111300
93
7300
6561700
6569000
94
11000
6019200
6030200
95
17400
5489900
5507300
96
23900
5002700
5026600
97
38600
4527100
4565700
98
65800
4063300
4129100
99
93300
3606200
3699500
100
121100
3160400
3281500
101
155800
2761500
2917300
102
213400
2378200
2591600
103
277700
2018800
2296500
104
345100
1680200
2025300
105
412500
1354100
1766600
106
510100
1134700
1644800
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.