This page reflects CLPT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — CLPT
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.50 (2.31 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.00
±6.6%
Days to Expiry
1
Calendar days
Total Call OI
4,282
Nearest expiry
Total Put OI
2,349
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$15.19
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
$12.50
6/18/2026, 11:08:05 PM
2026-07-17
$15.00
7/17/2026, 11:09:18 PM
2026-08-21NextUpdated
$17.50
8/20/2026, 11:08:21 PM
2026-09-18
$15.00
8/20/2026, 11:08:21 PM
2026-10-16
$12.50
8/20/2026, 11:08:21 PM
2026-11-20
$7.50
8/20/2026, 11:08:21 PM
2027-01-15
$15.00
8/20/2026, 11:08:21 PM
Selected expiration: 2026-08-21 at max pain $17.50.
CLPT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2762750
2762750
5
500
2175500
2176000
7.5
1500
1609250
1610750
10
2500
1091000
1093500
12.5
5500
608000
613500
15
24750
261500
286250
17.5
284500
1250
285750
20
873000
500
873500
22.5
1611750
250
1612000
25
2497250
0
2497250
30
4443250
0
4443250
35
6537250
0
6537250
40
8631250
0
8631250
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.