What is CCL max pain this week?

CCL max pain for the nearest expiration (2026-08-21) is $28.00. Total call open interest: 53,424. Total put open interest: 50,596.

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 $27.27EOD only

Max Pain

$28.00

Next expiry Aug 21, 2026

Expected Move

±$0.84

3.1% from close

Price Gap

+0.73

Distance to max pain

IV Rank

Low premium

P/C OI

1.34

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 18, 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

Aug 18, 2026 close

Max Pain — CCL

Data as of market close Aug 18, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $28.00 (0.73 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$28.00

Nearest expiry

Expected Move

±$0.84

±3.1%

Days to Expiry

Calendar days

Total Call OI

53,424

Nearest expiry

Total Put OI

50,596

Nearest expiry

P/C OI Ratio

0.95

Put-heavy

Spot Price

$27.27

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	$29.00	8/7/2026, 11:07:51 PM
2026-08-14	$28.00	8/14/2026, 11:07:51 PM
2026-08-21NextUpdated	$28.00	8/18/2026, 11:07:32 PM
2026-08-28	$28.00	8/18/2026, 11:07:32 PM
2026-09-04	$29.00	8/18/2026, 11:07:32 PM
2026-09-11	$28.00	8/18/2026, 11:07:32 PM
2026-09-18	$28.00	8/18/2026, 11:07:32 PM
2026-09-25	$27.00	8/18/2026, 11:07:32 PM
2026-10-02	$26.00	8/18/2026, 11:07:32 PM
2026-10-16	$28.00	8/18/2026, 11:07:32 PM
2026-11-20	$27.00	8/18/2026, 11:07:32 PM
2026-12-18	$27.00	8/18/2026, 11:07:32 PM
2027-01-15	$30.00	8/18/2026, 11:07:32 PM
2027-03-19	$28.00	8/18/2026, 11:07:32 PM
2027-06-17	$27.00	8/18/2026, 11:07:32 PM

Selected expiration: 2026-08-21 at max pain $28.00.

CCL pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
15	0	53016800	53016800
17	200	42949400	42949600
17.5	2500	40434550	40437050
18	5950	37963550	37969500
19	14950	33028150	33043100
20	24550	28125750	28150300
21	35050	23272550	23307600
22	47950	18465750	18513700
22.5	54450	16068100	16122550
23	61050	13883950	13945000
23.5	67750	11719700	11787450
24	74450	9555550	9630000
24.5	81500	7592000	7673500
25	89100	6130800	6219900
25.5	112100	4929900	5042000
26	135600	3804750	3940350
26.5	219100	2834450	3053550
27	320200	1884700	2204900
27.5	671400	1277500	1948900
28	1083550	843900	1927450

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.