This page reflects CLMT 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 — CLMT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $31.00 (5.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.00
Nearest expiry
Expected Move
±$2.80
±7.7%
Days to Expiry
15
Calendar days
Total Call OI
8,736
Nearest expiry
Total Put OI
7,022
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$36.42
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
$24.00
5/15/2026, 11:08:12 PM
2026-06-18
$33.00
6/18/2026, 11:08:43 PM
2026-07-17NextUpdated
$31.00
7/3/2026, 11:06:59 PM
2026-08-21
$27.00
7/3/2026, 11:06:59 PM
2026-11-20
$33.00
7/3/2026, 11:06:59 PM
2027-01-15
$17.00
7/3/2026, 11:06:59 PM
2027-02-19
$20.00
7/3/2026, 11:06:59 PM
2027-03-19
$30.00
7/3/2026, 11:06:59 PM
Selected expiration: 2026-07-17 at max pain $31.00.
CLMT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
12714100
12714100
13
0
12011900
12011900
14
0
11309700
11309700
15
0
10607500
10607500
16
0
9905300
9905300
18
200
8500900
8501100
19
300
7798900
7799200
20
400
7097000
7097400
21
500
6400500
6401000
22
31700
5704100
5735800
23
62900
5007900
5070800
24
94100
4316400
4410500
25
125400
3625200
3750600
26
168900
2958500
3127400
27
212400
2295200
2507600
28
255900
1632900
1888800
29
317300
977200
1294500
30
379000
328400
707400
31
454400
220300
674700
32
570500
147100
717600
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.