This page reflects CLH options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — CLH
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $300.00 (22.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$300.00
Nearest expiry
Expected Move
±$7.40
±2.3%
Days to Expiry
11
Calendar days
Total Call OI
471
Nearest expiry
Total Put OI
281
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$322.37
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$310.00
8/21/2026, 11:08:03 PM
2026-09-18
$310.00
9/18/2026, 11:03:46 PM
2026-10-16NextUpdated
$300.00
10/5/2026, 11:09:16 PM
2026-11-20
$310.00
10/5/2026, 11:09:16 PM
2027-01-15
$300.00
10/5/2026, 11:09:16 PM
2027-04-16
$260.00
10/5/2026, 11:09:16 PM
Selected expiration: 2026-10-16 at max pain $300.00.
CLH pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
165
0
3146500
3146500
170
0
3007000
3007000
175
0
2869000
2869000
185
2000
2593000
2595000
195
5000
2317000
2322000
220
15000
1627000
1642000
230
19000
1351000
1370000
240
23000
1077000
1100000
250
27000
819000
846000
260
40000
577000
617000
270
53000
337000
390000
280
66000
216000
282000
290
79000
109000
188000
300
121000
4000
125000
310
223000
0
223000
320
362000
0
362000
330
581000
0
581000
340
864000
0
864000
350
1211000
0
1211000
360
1636000
0
1636000
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.