This page reflects CHDN 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 — CHDN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $85.00 (0.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$6.53
±7.6%
Days to Expiry
29
Calendar days
Total Call OI
10,712
Nearest expiry
Total Put OI
31,182
Nearest expiry
P/C OI Ratio
2.91
Put-heavy
Spot Price
$85.63
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
$90.00
4/17/2026, 11:08:15 PM
2026-05-15
$90.00
5/15/2026, 11:09:36 PM
2026-06-18NextUpdated
$85.00
5/20/2026, 11:08:00 PM
2026-07-17
$95.00
5/20/2026, 11:08:00 PM
2026-09-18
$100.00
5/20/2026, 11:08:00 PM
2026-12-18
$85.00
5/20/2026, 11:08:00 PM
Selected expiration: 2026-06-18 at max pain $85.00.
CHDN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
102388500
102388500
70
0
24456000
24456000
75
0
8873500
8873500
80
0
621000
621000
85
2500
266500
269000
90
505000
21000
526000
95
1225500
7500
1233000
100
2120000
4000
2124000
105
4132000
2500
4134500
110
8377000
1500
8378500
115
12687000
500
12687500
120
18021000
0
18021000
130
28721000
0
28721000
140
39427000
0
39427000
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.