This page reflects CLDX 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 — CLDX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $38.00 (3.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$38.00
Nearest expiry
Expected Move
±$2.65
±6.3%
Days to Expiry
3
Calendar days
Total Call OI
341
Nearest expiry
Total Put OI
287
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$41.79
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
$31.00
6/18/2026, 11:07:31 PM
2026-07-17
$32.00
7/17/2026, 11:04:03 PM
2026-08-21NextUpdated
$38.00
8/18/2026, 11:09:41 PM
2026-09-18
$34.00
8/18/2026, 11:09:41 PM
2026-10-16
$37.00
8/18/2026, 11:09:41 PM
2026-11-20
$36.00
8/18/2026, 11:09:41 PM
2026-12-18
$37.00
8/18/2026, 11:09:41 PM
2027-01-15
$37.00
8/18/2026, 11:09:41 PM
2027-03-19
$15.00
8/18/2026, 11:09:41 PM
Selected expiration: 2026-08-21 at max pain $38.00.
CLDX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
486800
486800
16
0
458100
458100
17
0
429400
429400
18
0
400700
400700
19
0
372000
372000
20
0
343500
343500
21
0
315200
315200
22
0
291900
291900
23
0
273600
273600
24
0
255400
255400
25
0
237400
237400
26
3800
219700
223500
27
7700
202100
209800
28
11600
184600
196200
29
15600
167100
182700
30
19600
149600
169200
31
23900
132800
156700
32
28200
116700
144900
33
33600
101200
134800
34
39800
89600
129400
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.