Canadian National Railway CompaClose $119.32EOD only
Max Pain
$115.00
Next expiry Oct 16, 2026
Expected Move
±$2.90
2.4% from close
Price Gap
-4.32
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.30
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 5, 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
Oct 5, 2026 close
Max Pain — CNI
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $115.00 (4.32 below 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
±$2.90
±2.4%
Days to Expiry
11
Calendar days
Total Call OI
7,649
Nearest expiry
Total Put OI
1,689
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$119.32
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$130.00
8/21/2026, 11:08:41 PM
2026-09-18
$120.00
9/18/2026, 11:08:46 PM
2026-10-16NextUpdated
$115.00
10/5/2026, 11:09:04 PM
2026-11-20
$125.00
10/5/2026, 11:09:04 PM
2026-12-18
$120.00
10/5/2026, 11:09:04 PM
2027-01-15
$110.00
10/5/2026, 11:09:04 PM
2027-02-19
$130.00
10/5/2026, 11:09:04 PM
2027-03-19
$125.00
10/5/2026, 11:09:04 PM
2027-04-16
$130.00
10/5/2026, 11:09:04 PM
Selected expiration: 2026-10-16 at max pain $115.00.
CNI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
6542500
6542500
75
0
5698000
5698000
80
0
4865000
4865000
85
1000
4052000
4053000
90
2500
3242500
3245000
95
6500
2487000
2493500
100
12000
1743000
1755000
105
54000
1157500
1211500
110
97500
657500
755000
115
259500
305000
564500
120
2019500
78500
2098000
125
3901500
1000
3902500
130
7139500
500
7140000
135
10571500
0
10571500
140
14117000
0
14117000
145
17916000
0
17916000
160
29389500
0
29389500
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.