This page reflects CHRD 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 — CHRD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $135.00 (10.55 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
±$15.10
±10.4%
Days to Expiry
29
Calendar days
Total Call OI
3,162
Nearest expiry
Total Put OI
1,524
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$145.55
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
$130.00
4/17/2026, 11:07:58 PM
2026-05-15
$135.00
5/15/2026, 11:08:44 PM
2026-06-18NextUpdated
$135.00
5/20/2026, 11:09:28 PM
2026-09-18
$135.00
5/20/2026, 11:09:28 PM
2026-12-18
$105.00
5/20/2026, 11:09:28 PM
2027-01-15
$110.00
5/20/2026, 11:09:28 PM
Selected expiration: 2026-06-18 at max pain $135.00.
CHRD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
10548000
10548000
60
0
9787000
9787000
65
0
9027500
9027500
70
0
8268000
8268000
75
0
7508500
7508500
80
0
6779000
6779000
85
500
6058000
6058500
90
1000
5388500
5389500
95
1500
4743000
4744500
100
92500
4097500
4190000
105
184000
3458000
3642000
110
275500
2866000
3141500
115
367000
2291500
2658500
120
465500
1738500
2204000
125
564000
1264500
1828500
130
750500
838500
1589000
135
973000
516000
1489000
140
1283000
268500
1551500
145
1798000
119500
1917500
150
2908000
39500
2947500
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.