Canadian National Railway CompaClose $121.56EOD only
Max Pain
$110.00
Next expiry Jul 17, 2026
Expected Move
±$3.88
3.2% from close
Price Gap
-11.56
Distance to max pain
IV Rank
43
Middle-high premium
P/C OI
0.26
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects CNI 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 — CNI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $110.00 (11.56 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
±$3.88
±3.2%
Days to Expiry
15
Calendar days
Total Call OI
3,121
Nearest expiry
Total Put OI
1,675
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$121.56
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
$115.00
5/15/2026, 11:11:32 PM
2026-06-18
$115.00
6/18/2026, 11:11:33 PM
2026-07-17NextUpdated
$110.00
7/3/2026, 11:07:53 PM
2026-08-21
$120.00
7/3/2026, 11:07:53 PM
2026-10-16
$110.00
7/3/2026, 11:07:53 PM
2027-01-15
$110.00
7/3/2026, 11:07:53 PM
Selected expiration: 2026-07-17 at max pain $110.00.
CNI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
8795500
8795500
65
0
7122500
7122500
70
0
6286000
6286000
75
0
5449500
5449500
80
0
4617500
4617500
85
0
3807500
3807500
90
5000
3028000
3033000
95
10000
2279500
2289500
100
20000
1600500
1620500
105
58500
987000
1045500
110
447000
436000
883000
115
1065000
82500
1147500
120
2035500
10000
2045500
125
3119500
0
3119500
130
4382500
0
4382500
135
5737000
0
5737000
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.