Canadian Imperial Bank of CommeClose $114.36EOD only
Max Pain
$110.00
Next expiry Jun 18, 2026
Expected Move
±$6.15
5.4% from close
Price Gap
-4.36
Distance to max pain
IV Rank
9
Low premium
P/C OI
1.01
Balanced positioning
Consensus
—
No reports available
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — CM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $110.00 (4.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$6.15
±5.4%
Days to Expiry
29
Calendar days
Total Call OI
4,584
Nearest expiry
Total Put OI
4,084
Nearest expiry
P/C OI Ratio
0.89
Put-heavy
Spot Price
$114.36
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
$92.50
4/17/2026, 11:02:43 PM
2026-05-15
$100.00
5/15/2026, 11:07:02 PM
2026-06-18NextUpdated
$110.00
5/20/2026, 11:07:31 PM
2026-07-17
$115.00
5/20/2026, 11:07:31 PM
2026-09-18
$100.00
5/20/2026, 11:07:31 PM
2026-12-18
$110.00
5/20/2026, 11:07:31 PM
2027-01-15
$80.00
5/20/2026, 11:07:31 PM
Selected expiration: 2026-06-18 at max pain $110.00.
CM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
20167500
20167500
60
0
18125500
18125500
65
0
16083500
16083500
70
0
14041500
14041500
72.5
250
13020750
13021000
75
500
12002500
12003000
77.5
2750
10995750
10998500
80
5750
9990250
9996000
82.5
21500
9007250
9028750
85
40500
8040000
8080500
87.5
64250
7090500
7154750
90
89250
6166250
6255500
92.5
128250
5314000
5442250
95
184750
4511750
4696500
97.5
263000
3721500
3984500
100
380500
2965500
3346000
105
657000
1593000
2250000
110
1103500
533500
1637000
115
2089000
0
2089000
120
3659000
0
3659000
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.