Constellation Energy CorporatioClose $285.83EOD only
Max Pain
$275.00
Next expiry May 22, 2026
Expected Move
±$4.95
1.7% from close
Price Gap
-10.83
Distance to max pain
IV Rank
9
Low premium
P/C OI
1.60
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 21, 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 21, 2026 close
Max Pain — CEG
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $275.00 (10.83 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
±$4.95
±1.7%
Days to Expiry
1
Calendar days
Total Call OI
6,496
Nearest expiry
Total Put OI
6,852
Nearest expiry
P/C OI Ratio
1.05
Put-heavy
Spot Price
$285.83
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
5/21/2026, 11:08:26 PM
2026-05-29
$277.50
5/21/2026, 11:08:26 PM
2026-06-05
$285.00
5/21/2026, 11:08:26 PM
2026-06-12
$270.00
5/21/2026, 11:08:26 PM
2026-06-18
$310.00
5/21/2026, 11:08:26 PM
2026-06-26
$275.00
5/21/2026, 11:08:26 PM
2026-07-17
$280.00
5/21/2026, 11:08:26 PM
2026-08-21
$300.00
5/21/2026, 11:08:26 PM
2026-09-18
$320.00
5/21/2026, 11:08:26 PM
2026-11-20
$280.00
5/21/2026, 11:08:26 PM
2026-12-18
$320.00
5/21/2026, 11:08:26 PM
2027-01-15
$300.00
5/21/2026, 11:08:26 PM
2027-03-19
$290.00
5/21/2026, 11:08:26 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
59146250
59146250
165
0
55721250
55721250
175
0
48872250
48872250
185
0
42025250
42025250
190
0
38604250
38604250
195
0
35583750
35583750
200
0
32650250
32650250
205
0
29843250
29843250
215
0
24479250
24479250
220
0
21814750
21814750
225
0
19154750
19154750
230
0
16495750
16495750
232.5
750
15175750
15176500
235
2000
13855750
13857750
237.5
3500
12555000
12558500
240
5000
11257500
11262500
242.5
7000
10035250
10042250
245
9000
8862500
8871500
247.5
11500
7751250
7762750
250
15000
6733750
6748750
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.