Max Pain — CENX
Data as of market close Apr 2, 2026
CENX Max Pain Data
- Max Pain Strike
- $50.00
- Expected Move
- ±$8.03 (±12.8%)
- Days to Expiry
- 15
- Total Call OI
- 3,179
- Total Put OI
- 2,912
- Put/Call OI Ratio
- 0.92
- Spot Price
- $62.57
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-17 | $50.00 | 4/3/2026, 12:08:53 AM |
| 2026-05-15 | $50.00 | 4/3/2026, 12:08:53 AM |
| 2026-06-18 | $45.00 | 4/3/2026, 12:08:53 AM |
| 2026-09-18 | $46.00 | 4/3/2026, 12:08:53 AM |
| 2027-01-15 | $42.00 | 4/3/2026, 12:08:53 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 30 | 0 | 4096800 | 4096800 |
| 35 | 1000 | 2646300 | 2647300 |
| 40 | 2500 | 1722300 | 1724800 |
| 43 | 37900 | 1231200 | 1269100 |
| 44 | 51400 | 1070100 | 1121500 |
| 45 | 66100 | 911200 | 977300 |
| 46 | 87400 | 806700 | 894100 |
| 47 | 110300 | 705900 | 816200 |
| 48 | 134700 | 615100 | 749800 |
| 49 | 159800 | 528600 | 688400 |
| 50 | 194400 | 444000 | 638400 |
| 55 | 659900 | 97000 | 756900 |
| 60 | 1378400 | 13000 | 1391400 |
| 65 | 2435400 | 0 | 2435400 |
| 70 | 3850900 | 0 | 3850900 |
| 75 | 5403900 | 0 | 5403900 |
| 80 | 6981400 | 0 | 6981400 |
View max pain levels for CENX options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.