What is CCL max pain this week?

CCL max pain for the nearest expiration (2026-10-09) is $23.00. Total call open interest: 29,736. Total put open interest: 6,707.

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 $25.76EOD only

Max Pain

$23.00

Next expiry Oct 9, 2026

Expected Move

±$0.95

3.7% from close

Price Gap

-2.76

Distance to max pain

IV Rank

Low premium

P/C OI

1.11

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 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

Oct 2, 2026 close

Max Pain — CCL

Data as of market close Oct 2, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-10-09 shows max pain at $23.00 (2.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$23.00

Nearest expiry

Expected Move

±$0.95

±3.7%

Days to Expiry

Calendar days

Total Call OI

29,736

Nearest expiry

Total Put OI

6,707

Nearest expiry

P/C OI Ratio

0.23

Put-heavy

Spot Price

$25.76

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-10-09

Expiration	Max Pain Strike	Last Updated
2026-09-25	$22.00	9/25/2026, 11:06:46 PM
2026-10-02Updated	$23.00	10/2/2026, 11:03:37 PM
2026-10-09Next	$23.00	10/2/2026, 11:03:37 PM
2026-10-16	$24.00	10/2/2026, 11:03:37 PM
2026-10-23	$23.00	10/2/2026, 11:03:37 PM
2026-10-30	$24.00	10/2/2026, 11:03:37 PM
2026-11-06	$25.00	10/2/2026, 11:03:37 PM
2026-11-20	$27.00	10/2/2026, 11:03:37 PM
2026-12-18	$26.00	10/2/2026, 11:03:37 PM
2027-01-15	$27.00	10/2/2026, 11:03:37 PM
2027-03-19	$28.00	10/2/2026, 11:03:37 PM
2027-04-16	$23.00	10/2/2026, 11:03:37 PM
2027-06-17	$25.00	10/2/2026, 11:03:37 PM
2027-09-17	$25.00	10/2/2026, 11:03:37 PM

Selected expiration: 2026-10-09 at max pain $23.00.

CCL pain by strike for 2026-10-09 expiration
Strike	Call Pain	Put Pain	Total Pain
12	0	7296450	7296450
13	200	6625750	6625950
14	400	5955050	5955450
15	700	5284350	5285050
16	1100	4613650	4614750
17	1600	3942950	3944550
18	3200	3274550	3277750
18.5	7800	2940850	2948650
19	12950	2607150	2620100
19.5	19150	2279200	2298350
20	25400	1956150	1981550
20.5	37850	1647150	1685000
21	51950	1346000	1397950
21.5	67550	1066900	1134450
22	100300	848500	948800
22.5	145800	649650	795450
23	221600	460950	682550
23.5	1057900	295000	1352900
24	1901200	141000	2042200
24.5	2781900	69750	2851650

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.