This page reflects CLH options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — CLH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $280.00 (11.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$13.05
±4.5%
Days to Expiry
15
Calendar days
Total Call OI
199
Nearest expiry
Total Put OI
91
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$291.20
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$300.00
5/15/2026, 11:09:26 PM
2026-06-18
$300.00
6/18/2026, 11:08:07 PM
2026-07-17NextUpdated
$280.00
7/3/2026, 11:07:53 PM
2026-08-21
$300.00
7/3/2026, 11:07:53 PM
2026-10-16
$280.00
7/3/2026, 11:07:53 PM
Selected expiration: 2026-07-17 at max pain $280.00.
CLH pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
1262000
1262000
165
0
898000
898000
175
0
808000
808000
180
2000
763000
765000
190
6000
683000
689000
200
11000
603000
614000
210
16000
524000
540000
220
22000
445000
467000
230
28000
367000
395000
240
34000
290000
324000
250
40000
215000
255000
260
46000
146000
192000
270
52000
86000
138000
280
59000
37000
96000
290
84000
15000
99000
300
142000
7000
149000
310
228000
4000
232000
320
352000
2000
354000
330
529000
1000
530000
340
718000
0
718000
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.