This page reflects CELC 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 — CELC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $115.00 (25.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$22.60
±16.1%
Days to Expiry
29
Calendar days
Total Call OI
16,567
Nearest expiry
Total Put OI
4,826
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$140.34
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
$110.00
4/17/2026, 11:07:55 PM
2026-05-15
$120.00
5/15/2026, 11:08:08 PM
2026-06-18NextUpdated
$115.00
5/20/2026, 11:09:24 PM
2026-07-17
$130.00
5/20/2026, 11:09:24 PM
2026-09-18
$130.00
5/20/2026, 11:09:24 PM
2026-12-18
$100.00
5/20/2026, 11:09:24 PM
2027-01-15
$75.00
5/20/2026, 11:09:24 PM
Selected expiration: 2026-06-18 at max pain $115.00.
CELC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
39130000
39130000
30
500
36717000
36717500
35
1000
34309500
34310500
40
1500
31902000
31903500
45
2500
29505000
29507500
50
3500
27120500
27124000
55
5000
24759500
24764500
60
6500
22413000
22419500
65
103000
20086000
20189000
70
199500
17879500
18079000
75
384000
15693000
16077000
80
572500
13510500
14083000
85
764500
11340500
12105000
90
987500
9172000
10159500
95
1220500
7226000
8446500
100
1467500
5318000
6785500
105
1954000
3489000
5443000
110
2506000
2403500
4909500
115
3156500
1548000
4704500
120
3870500
1006000
4876500
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.