Constellation Energy CorporatioClose $274.17EOD only
Max Pain
$277.50
Next expiry Aug 21, 2026
Expected Move
±$6.88
2.5% from close
Price Gap
+3.33
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
1.33
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 19, 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
Aug 19, 2026 close
Max Pain — CEG
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $277.50 (3.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$277.50
Nearest expiry
Expected Move
±$6.88
±2.5%
Days to Expiry
2
Calendar days
Total Call OI
21,433
Nearest expiry
Total Put OI
18,504
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$274.17
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
$262.50
8/7/2026, 11:07:49 PM
2026-08-14
$267.50
8/14/2026, 11:09:35 PM
2026-08-21NextUpdated
$277.50
8/19/2026, 11:08:40 PM
2026-08-28
$270.00
8/19/2026, 11:08:40 PM
2026-09-04
$270.00
8/19/2026, 11:08:40 PM
2026-09-11
$270.00
8/19/2026, 11:08:40 PM
2026-09-18
$280.00
8/19/2026, 11:08:40 PM
2026-09-25
$270.00
8/19/2026, 11:08:40 PM
2026-10-02
$275.00
8/19/2026, 11:08:40 PM
2026-11-20
$270.00
8/19/2026, 11:08:40 PM
2026-12-18
$270.00
8/19/2026, 11:08:40 PM
2027-01-15
$290.00
8/19/2026, 11:08:40 PM
2027-02-19
$280.00
8/19/2026, 11:08:40 PM
2027-03-19
$280.00
8/19/2026, 11:08:40 PM
2027-06-17
$300.00
8/19/2026, 11:08:40 PM
Selected expiration: 2026-08-21 at max pain $277.50.
CEG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
218211750
218211750
130
500
208971750
208972250
135
1000
199733250
199734250
140
1500
190499750
190501250
145
2000
181267750
181269750
150
2500
172037250
172039750
155
3000
162824250
162827250
160
3500
153612250
153615750
165
4000
144411750
144415750
170
4500
135217750
135222250
175
5000
126037250
126042250
180
6000
116873750
116879750
185
10500
107876750
107887250
190
15000
98899750
98914750
195
19500
90235750
90255250
200
24000
81729250
81753250
205
29000
73540750
73569750
210
34000
65355250
65389250
215
39500
58048250
58087750
220
45000
50744250
50789250
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.