This page reflects CCJ 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 — CCJ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $95.00 (1.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$3.28
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
22,490
Nearest expiry
Total Put OI
72,635
Nearest expiry
P/C OI Ratio
3.23
Put-heavy
Spot Price
$96.03
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
2026-08-07
$90.00
8/7/2026, 11:08:10 PM
2026-08-14
$93.00
8/14/2026, 11:03:55 PM
2026-08-21NextUpdated
$95.00
8/18/2026, 11:07:48 PM
2026-08-28
$98.00
8/18/2026, 11:07:48 PM
2026-09-04
$95.00
8/18/2026, 11:07:48 PM
2026-09-11
$98.00
8/18/2026, 11:07:48 PM
2026-09-18
$100.00
8/18/2026, 11:07:48 PM
2026-09-25
$100.00
8/18/2026, 11:07:48 PM
2026-10-02
$93.00
8/18/2026, 11:07:48 PM
2026-10-16
$95.00
8/18/2026, 11:07:48 PM
2026-12-18
$105.00
8/18/2026, 11:07:48 PM
2027-01-15
$90.00
8/18/2026, 11:07:48 PM
2027-03-19
$90.00
8/18/2026, 11:07:48 PM
2027-06-17
$95.00
8/18/2026, 11:07:48 PM
Selected expiration: 2026-08-21 at max pain $95.00.
CCJ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
179891800
179891800
60
17000
143574300
143591300
65
37500
107281300
107318800
70
71500
71042300
71113800
75
108000
37173300
37281300
77
129400
27588100
27717500
78
140100
22846100
22986200
79
150800
18110100
18260900
80
161500
13380800
13542300
81
202900
12313400
12516300
82
244300
11322300
11566600
83
285700
10390400
10676100
84
328400
9463800
9792200
85
373000
8546300
8919300
86
434700
7751700
8186400
87
524900
6963100
7488000
88
624700
6181200
6805900
89
729300
5416600
6145900
90
838300
4663900
5502200
91
1148500
4097200
5245700
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.