This page reflects CLX 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 — CLX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $90.00 (4.26 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$6.85
±7.3%
Days to Expiry
29
Calendar days
Total Call OI
19,044
Nearest expiry
Total Put OI
6,442
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$94.26
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
$105.00
4/17/2026, 11:08:15 PM
2026-05-15
$95.00
5/15/2026, 11:07:53 PM
2026-06-18NextUpdated
$90.00
5/20/2026, 11:04:18 PM
2026-07-17
$100.00
5/20/2026, 11:04:18 PM
2026-09-18
$95.00
5/20/2026, 11:04:18 PM
2026-10-16
$100.00
5/20/2026, 11:04:18 PM
2027-01-15
$105.00
5/20/2026, 11:04:18 PM
Selected expiration: 2026-06-18 at max pain $90.00.
CLX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
19988000
19988000
60
500
16767000
16767500
70
3500
10332000
10335500
75
9500
7169500
7179000
80
16500
4317500
4334000
85
107500
2130000
2237500
90
243500
939000
1182500
95
1289000
228000
1517000
100
4106000
25500
4131500
105
9500500
2000
9502500
110
15530500
0
15530500
115
22421500
0
22421500
120
29502000
0
29502000
125
38593500
0
38593500
130
47690000
0
47690000
135
56795500
0
56795500
140
65942000
0
65942000
150
84296000
0
84296000
155
93541000
0
93541000
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.