This page reflects CCK 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 — CCK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $97.50 (0.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$97.50
Nearest expiry
Expected Move
±$5.95
±6.1%
Days to Expiry
29
Calendar days
Total Call OI
1,577
Nearest expiry
Total Put OI
635
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$97.37
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$100.00
4/17/2026, 11:02:26 PM
2026-05-15
$100.00
5/15/2026, 11:07:00 PM
2026-06-18NextUpdated
$97.50
5/20/2026, 11:07:07 PM
2026-07-17
$105.00
5/20/2026, 11:07:07 PM
2026-10-16
$100.00
5/20/2026, 11:07:07 PM
2027-01-15
$95.00
5/20/2026, 11:07:07 PM
Selected expiration: 2026-06-18 at max pain $97.50.
CCK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
2124000
2124000
70
0
1806500
1806500
85
0
857000
857000
90
0
543000
543000
92.5
0
401000
401000
95
0
259750
259750
97.5
1000
129000
130000
100
152250
1000
153250
105
460250
0
460250
110
1062250
0
1062250
115
1849250
0
1849250
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.