This page reflects CLMT 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 — CLMT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (10.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.50
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
14,113
Nearest expiry
Total Put OI
11,812
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$50.81
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
$33.00
6/18/2026, 11:08:43 PM
2026-07-17
$32.00
7/17/2026, 11:10:25 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:08:36 PM
2026-09-18
$44.00
8/18/2026, 11:08:36 PM
2026-11-20
$40.00
8/18/2026, 11:08:36 PM
2027-01-15
$20.00
8/18/2026, 11:08:36 PM
2027-02-19
$24.00
8/18/2026, 11:08:36 PM
2027-03-19
$35.00
8/18/2026, 11:08:36 PM
Selected expiration: 2026-08-21 at max pain $40.00.
CLMT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
22179900
22179900
13
0
21002300
21002300
14
0
19860000
19860000
15
0
18717700
18717700
16
0
17813300
17813300
17
100
16908900
16909000
18
200
16004500
16004700
19
10300
15202800
15213100
20
30400
14406100
14436500
21
50500
13618600
13669100
22
85400
12832600
12918000
23
138000
12048200
12186200
24
253700
11264300
11518000
25
401800
10480500
10882300
26
555100
9717600
10272700
27
720500
8983300
9703800
28
899600
8266000
9165600
29
1086200
7574700
8660900
30
1273000
6895200
8168200
31
1502300
6259800
7762100
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.