This page reflects CELH options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — CELH
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $28.50 (1.75 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.50
Nearest expiry
Expected Move
±$0.53
±2.0%
Days to Expiry
7
Calendar days
Total Call OI
6,777
Nearest expiry
Total Put OI
6,396
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$26.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$28.50
9/25/2026, 11:07:12 PM
2026-10-02Updated
$28.00
10/2/2026, 11:06:58 PM
2026-10-09Next
$28.50
10/2/2026, 11:06:58 PM
2026-10-16
$30.00
10/2/2026, 11:06:58 PM
2026-10-23
$29.00
10/2/2026, 11:06:58 PM
2026-10-30
$28.00
10/2/2026, 11:06:58 PM
2026-11-06
$30.00
10/2/2026, 11:06:58 PM
2026-11-20
$30.00
10/2/2026, 11:06:58 PM
2026-12-18
$30.00
10/2/2026, 11:06:58 PM
2027-01-15
$32.50
10/2/2026, 11:06:58 PM
2027-03-19
$30.00
10/2/2026, 11:06:58 PM
2027-04-16
$30.00
10/2/2026, 11:06:58 PM
2027-06-17
$32.50
10/2/2026, 11:06:58 PM
2027-09-17
$27.50
10/2/2026, 11:06:58 PM
Selected expiration: 2026-10-09 at max pain $28.50.
CELH pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
5247800
5247800
19
900
4608200
4609100
20
1800
3968600
3970400
21
3000
3382500
3385500
22
5100
2796600
2801700
23
7200
2235300
2242500
24
9300
1675100
1684400
24.5
10450
1408050
1418500
25
16300
1142750
1159050
25.5
23000
904150
927150
26
29700
674650
704350
26.5
38050
493750
531800
27
63200
324600
387800
27.5
97950
211050
309000
28
169450
128950
298400
28.5
258750
88900
347650
29
407900
59650
467550
29.5
603150
39900
643050
30
813400
20750
834150
30.5
1066000
14300
1080300
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.