Canadian Imperial Bank of CommeClose $113.90EOD only
Max Pain
$115.00
Next expiry Jul 17, 2026
Expected Move
±$3.83
3.4% from close
Price Gap
+1.10
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.98
Balanced positioning
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects CM 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 — CM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $115.00 (1.10 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$3.83
±3.4%
Days to Expiry
15
Calendar days
Total Call OI
4,215
Nearest expiry
Total Put OI
2,905
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$113.90
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
$100.00
5/15/2026, 11:07:02 PM
2026-06-18
$110.00
6/18/2026, 11:08:03 PM
2026-07-17NextUpdated
$115.00
7/3/2026, 11:07:03 PM
2026-08-21
$115.00
7/3/2026, 11:07:03 PM
2026-09-18
$100.00
7/3/2026, 11:07:03 PM
2026-12-18
$110.00
7/3/2026, 11:07:03 PM
2027-01-15
$95.00
7/3/2026, 11:07:03 PM
Selected expiration: 2026-07-17 at max pain $115.00.
CM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
16472000
16472000
85
0
7757000
7757000
90
0
6304500
6304500
95
0
4852000
4852000
100
0
3434000
3434000
105
500
2063500
2064000
110
9000
736000
745000
115
650000
26000
676000
120
2063500
500
2064000
125
4018000
0
4018000
130
6072500
0
6072500
140
10187500
0
10187500
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.