This page reflects CHRD 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 — CHRD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $135.00 (8.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$5.50
±3.8%
Days to Expiry
3
Calendar days
Total Call OI
1,291
Nearest expiry
Total Put OI
727
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$143.94
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
$130.00
6/18/2026, 11:07:40 PM
2026-07-17
$120.00
7/17/2026, 11:09:26 PM
2026-08-21NextUpdated
$135.00
8/18/2026, 11:07:56 PM
2026-09-18
$135.00
8/18/2026, 11:07:56 PM
2026-12-18
$105.00
8/18/2026, 11:07:56 PM
2027-01-15
$110.00
8/18/2026, 11:07:56 PM
2027-03-19
$105.00
8/18/2026, 11:07:56 PM
Selected expiration: 2026-08-21 at max pain $135.00.
CHRD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
4051500
4051500
75
0
3689000
3689000
95
0
2241000
2241000
100
0
1883000
1883000
105
2500
1534000
1536500
110
5000
1257000
1262000
115
8000
997000
1005000
120
14500
747500
762000
125
39000
540500
579500
130
106500
361000
467500
135
206500
210000
416500
140
404000
103500
507500
145
635500
50000
685500
150
1126000
0
1126000
155
1723000
0
1723000
160
2343500
0
2343500
165
2967500
0
2967500
170
3607500
0
3607500
175
4250500
0
4250500
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.