Cogent Communications Holdings,Close $17.77EOD only
Max Pain
$20.00
Next expiry Jun 18, 2026
Expected Move
±$3.22
18.1% from close
Price Gap
+2.23
Distance to max pain
IV Rank
82
High premium
P/C OI
0.10
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects CCOI 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 — CCOI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $20.00 (2.23 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$3.22
±18.1%
Days to Expiry
29
Calendar days
Total Call OI
61,365
Nearest expiry
Total Put OI
3,089
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$17.77
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
$20.00
4/17/2026, 11:07:11 PM
2026-05-15
$17.50
5/15/2026, 11:07:49 PM
2026-06-18NextUpdated
$20.00
5/20/2026, 11:07:54 PM
2026-07-17
$17.50
5/20/2026, 11:07:54 PM
2026-09-18
$17.50
5/20/2026, 11:07:54 PM
2026-10-16
$20.00
5/20/2026, 11:07:54 PM
2026-12-18
$35.00
5/20/2026, 11:07:54 PM
2027-01-15
$15.00
5/20/2026, 11:07:54 PM
Selected expiration: 2026-06-18 at max pain $20.00.
CCOI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
4962000
4962000
5
750
4198750
4199500
7.5
1500
3446500
3448000
10
2250
2723000
2725250
12.5
3000
2005750
2008750
15
11500
1349000
1360500
17.5
126000
817250
943250
20
435750
418000
853750
22.5
1110500
313500
1424000
25
2074000
253000
2327000
30
6162500
201500
6364000
35
11096500
150000
11246500
40
30151500
104000
30255500
45
49385000
71000
49456000
50
68705500
49000
68754500
55
99213000
35500
99248500
60
129828000
22000
129850000
65
160458500
8500
160467000
70
191126500
500
191127000
75
221809000
0
221809000
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.