This page reflects CHDN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — CHDN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (3.64 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
±$3.50
±4.0%
Days to Expiry
3
Calendar days
Total Call OI
5,464
Nearest expiry
Total Put OI
1,013
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$88.64
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$90.00
6/18/2026, 11:03:27 PM
2026-07-17
$90.00
7/17/2026, 11:10:01 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:09:25 PM
2026-09-18
$90.00
8/18/2026, 11:09:25 PM
2026-12-18
$85.00
8/18/2026, 11:09:25 PM
2027-03-19
$75.00
8/18/2026, 11:09:25 PM
Selected expiration: 2026-08-21 at max pain $85.00.
CHDN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
1809500
1809500
70
0
1304000
1304000
75
0
818000
818000
80
0
345500
345500
85
141500
153500
295000
90
668500
0
668500
95
2370000
0
2370000
100
4273500
0
4273500
105
6773500
0
6773500
110
9277500
0
9277500
115
12009000
0
12009000
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.