Constellation Energy CorporatioClose $281.26EOD only
Max Pain
$275.00
Next expiry May 22, 2026
Expected Move
±$9.45
3.4% from close
Price Gap
-6.26
Distance to max pain
IV Rank
6
Low premium
P/C OI
1.66
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects CEG 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 — CEG
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $275.00 (6.26 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$275.00
Nearest expiry
Expected Move
±$9.45
±3.4%
Days to Expiry
2
Calendar days
Total Call OI
5,500
Nearest expiry
Total Put OI
6,314
Nearest expiry
P/C OI Ratio
1.15
Put-heavy
Spot Price
$281.26
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
$310.00
5/8/2026, 11:04:29 PM
2026-05-15
$305.00
5/15/2026, 11:07:19 PM
2026-05-22NextUpdated
$275.00
5/20/2026, 11:08:30 PM
2026-05-29
$280.00
5/20/2026, 11:08:30 PM
2026-06-05
$290.00
5/20/2026, 11:08:30 PM
2026-06-12
$270.00
5/20/2026, 11:08:30 PM
2026-06-18
$310.00
5/20/2026, 11:08:30 PM
2026-06-26
$275.00
5/20/2026, 11:08:30 PM
2026-07-17
$270.00
5/20/2026, 11:08:30 PM
2026-08-21
$300.00
5/20/2026, 11:08:30 PM
2026-09-18
$320.00
5/20/2026, 11:08:30 PM
2026-11-20
$280.00
5/20/2026, 11:08:30 PM
2026-12-18
$320.00
5/20/2026, 11:08:30 PM
2027-01-15
$300.00
5/20/2026, 11:08:30 PM
2027-03-19
$290.00
5/20/2026, 11:08:30 PM
Selected expiration: 2026-05-22 at max pain $275.00.
CEG pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
53553750
53553750
165
0
50397750
50397750
175
0
44086750
44086750
185
0
37777750
37777750
190
0
34625750
34625750
195
0
31874250
31874250
200
0
29209750
29209750
205
0
26671750
26671750
215
0
21845750
21845750
220
0
19444750
19444750
225
0
17048250
17048250
230
0
14652750
14652750
232.5
750
13464500
13465250
235
2000
12276250
12278250
237.5
3500
11107500
11111000
240
5000
9942000
9947000
242.5
7000
8852750
8859750
245
9000
7814750
7823750
247.5
11500
6838250
6849750
250
14750
5956500
5971250
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.