This page reflects CLH 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 — CLH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $300.00 (8.60 above 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
±$18.00
±6.2%
Days to Expiry
29
Calendar days
Total Call OI
145
Nearest expiry
Total Put OI
176
Nearest expiry
P/C OI Ratio
1.21
Put-heavy
Spot Price
$291.40
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
$250.00
4/17/2026, 11:08:22 PM
2026-05-15
$300.00
5/15/2026, 11:09:26 PM
2026-06-18NextUpdated
$300.00
5/20/2026, 11:08:30 PM
2026-07-17
$290.00
5/20/2026, 11:08:30 PM
2026-10-16
$250.00
5/20/2026, 11:08:30 PM
Selected expiration: 2026-06-18 at max pain $300.00.
CLH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
240
0
788000
788000
250
0
617000
617000
260
0
465000
465000
270
0
314000
314000
280
0
165000
165000
290
0
76000
76000
300
16000
38000
54000
310
96000
1000
97000
320
192000
0
192000
330
314000
0
314000
340
451000
0
451000
360
729000
0
729000
370
872000
0
872000
400
1304000
0
1304000
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.