This page reflects CLMT 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 — CLMT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $32.00 (0.08 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$3.60
±11.3%
Days to Expiry
29
Calendar days
Total Call OI
1,685
Nearest expiry
Total Put OI
2,781
Nearest expiry
P/C OI Ratio
1.65
Put-heavy
Spot Price
$31.92
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
$29.00
4/17/2026, 11:08:24 PM
2026-05-15
$24.00
5/15/2026, 11:08:12 PM
2026-06-18NextUpdated
$32.00
5/20/2026, 11:06:58 PM
2026-07-17
$30.00
5/20/2026, 11:06:58 PM
2026-08-21
$25.00
5/20/2026, 11:06:58 PM
2026-11-20
$32.00
5/20/2026, 11:06:58 PM
2027-01-15
$17.00
5/20/2026, 11:06:58 PM
2027-03-19
$32.00
5/20/2026, 11:06:58 PM
Selected expiration: 2026-06-18 at max pain $32.00.
CLMT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
24
0
1588100
1588100
25
100
1311500
1311600
26
4000
1034900
1038900
27
7900
760100
768000
28
11800
548200
560000
29
15700
367400
383100
30
20900
216900
237800
31
34100
136600
170700
32
61500
69400
130900
33
94300
41900
136200
34
160100
17900
178000
35
229200
0
229200
36
324300
0
324300
37
438300
0
438300
38
563900
0
563900
39
690700
0
690700
40
821800
0
821800
41
976500
0
976500
45
1600900
0
1600900
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.