What is CCL max pain this week?

CCL max pain for the nearest expiration (2026-05-22) is $25.50. Total call open interest: 15,670. Total put open interest: 18,631.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options CCLMax Pain

CCL

Carnival CorporationClose $26.03EOD only

Max Pain

$25.50

Next expiry May 22, 2026

Expected Move

±$1.07

4.1% from close

Price Gap

-0.53

Distance to max pain

IV Rank

Low premium

P/C OI

1.23

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects CCL 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 — CCL

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $25.50 (0.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$25.50

Nearest expiry

Expected Move

±$1.07

±4.1%

Days to Expiry

Calendar days

Total Call OI

15,670

Nearest expiry

Total Put OI

18,631

Nearest expiry

P/C OI Ratio

1.19

Put-heavy

Spot Price

$26.03

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	$27.00	5/8/2026, 11:03:55 PM
2026-05-15	$26.00	5/15/2026, 11:04:27 PM
2026-05-22NextUpdated	$25.50	5/20/2026, 11:03:54 PM
2026-05-29	$26.00	5/20/2026, 11:03:54 PM
2026-06-05	$27.00	5/20/2026, 11:03:54 PM
2026-06-12	$26.00	5/20/2026, 11:03:54 PM
2026-06-18	$27.00	5/20/2026, 11:03:54 PM
2026-06-26	$24.00	5/20/2026, 11:03:54 PM
2026-07-17	$30.00	5/20/2026, 11:03:54 PM
2026-08-21	$25.00	5/20/2026, 11:03:54 PM
2026-09-18	$28.00	5/20/2026, 11:03:54 PM
2026-10-16	$30.00	5/20/2026, 11:03:54 PM
2026-11-20	$22.50	5/20/2026, 11:03:54 PM
2026-12-18	$25.00	5/20/2026, 11:03:54 PM
2027-01-15	$30.00	5/20/2026, 11:03:54 PM
2027-03-19	$28.00	5/20/2026, 11:03:54 PM

Selected expiration: 2026-05-22 at max pain $25.50.

CCL pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
15	0	17809750	17809750
16	700	15968850	15969550
17	2100	14127950	14130050
18	3600	12296150	12299750
19	5200	10465850	10471050
20	6900	8639550	8646450
21	8900	6831350	6840250
21.5	10100	5932650	5942750
22	11400	5035400	5046800
22.5	13100	4154050	4167150
23	16900	3287200	3304100
23.5	22900	2481850	2504750
24	36800	1723250	1760050
24.5	76850	1084250	1161100
25	132400	660200	792600
25.5	318200	405300	723500
26	603200	213050	816250
26.5	960300	121100	1081400
27	1359750	41450	1401200
27.5	1931250	24450	1955700

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.