This page reflects CLH 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 — CLH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $310.00 (9.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$3.45
±1.1%
Days to Expiry
3
Calendar days
Total Call OI
226
Nearest expiry
Total Put OI
254
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$319.50
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
$300.00
6/18/2026, 11:08:07 PM
2026-07-17
$280.00
7/17/2026, 11:10:18 PM
2026-08-21NextUpdated
$310.00
8/18/2026, 11:07:40 PM
2026-09-18
$310.00
8/18/2026, 11:07:40 PM
2026-10-16
$300.00
8/18/2026, 11:07:40 PM
2027-01-15
$300.00
8/18/2026, 11:07:40 PM
Selected expiration: 2026-08-21 at max pain $310.00.
CLH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
1478000
1478000
230
0
1228000
1228000
250
0
738000
738000
260
0
573000
573000
270
0
413000
413000
280
0
257000
257000
290
0
111000
111000
300
2000
6000
8000
310
7000
0
7000
320
40000
0
40000
330
160000
0
160000
340
307000
0
307000
350
525000
0
525000
360
750000
0
750000
380
1202000
0
1202000
430
2332000
0
2332000
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.