This page reflects CELH 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 — CELH
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $30.00 (1.37 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$0.98
±3.4%
Days to Expiry
2
Calendar days
Total Call OI
14,535
Nearest expiry
Total Put OI
9,173
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$28.63
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
$33.00
5/8/2026, 11:09:02 PM
2026-05-15
$30.00
5/15/2026, 11:07:05 PM
2026-05-22NextUpdated
$30.00
5/20/2026, 11:07:32 PM
2026-05-29
$30.00
5/20/2026, 11:07:32 PM
2026-06-05
$31.00
5/20/2026, 11:07:32 PM
2026-06-12
$29.00
5/20/2026, 11:07:32 PM
2026-06-18
$35.00
5/20/2026, 11:07:32 PM
2026-06-26
$32.00
5/20/2026, 11:07:32 PM
2026-07-17
$32.50
5/20/2026, 11:07:32 PM
2026-09-18
$35.00
5/20/2026, 11:07:32 PM
2026-10-16
$35.00
5/20/2026, 11:07:32 PM
2026-12-18
$37.50
5/20/2026, 11:07:32 PM
2027-01-15
$35.00
5/20/2026, 11:07:32 PM
2027-03-19
$30.00
5/20/2026, 11:07:32 PM
2027-04-16
$27.50
5/20/2026, 11:07:32 PM
Selected expiration: 2026-05-22 at max pain $30.00.
CELH pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
8813800
8813800
20
0
7896500
7896500
21
500
6979200
6979700
22
1100
6061900
6063000
23
1800
5144700
5146500
23.5
2400
4691900
4694300
24
3200
4239800
4243000
25
4800
3344100
3348900
25.5
6200
2919750
2925950
26
7750
2497950
2505700
26.5
12450
2087000
2099450
27
17300
1680350
1697650
27.5
24450
1336100
1360550
28
33650
1021550
1055200
28.5
58850
777550
836400
29
105300
574700
680000
29.5
172550
436600
609150
30
253800
337250
591050
30.5
379650
268100
647750
31
541350
204100
745450
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.