CenterPoint Energy, Inc (HoldinClose $42.47EOD only
Max Pain
$42.00
Next expiry Jun 18, 2026
Expected Move
±$1.68
3.9% from close
Price Gap
-0.47
Distance to max pain
IV Rank
1
Low premium
P/C OI
0.18
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 21, 2026 close
End-of-day snapshot
This page reflects CNP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — CNP
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $42.00 (0.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$1.68
±3.9%
Days to Expiry
28
Calendar days
Total Call OI
4,361
Nearest expiry
Total Put OI
412
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$42.47
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
$43.00
4/17/2026, 11:09:06 PM
2026-05-15
$41.00
5/15/2026, 11:10:13 PM
2026-06-18NextUpdated
$42.00
5/21/2026, 11:09:22 PM
2026-07-17
$42.00
5/21/2026, 11:09:22 PM
2026-08-21
$40.00
5/21/2026, 11:09:22 PM
2026-11-20
$42.00
5/21/2026, 11:09:22 PM
2026-12-18
$40.00
5/21/2026, 11:09:22 PM
2027-01-15
$37.00
5/21/2026, 11:09:22 PM
Selected expiration: 2026-06-18 at max pain $42.00.
CNP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
241700
241700
36
0
200500
200500
37
0
159400
159400
39
5400
93800
99200
40
8500
62000
70500
41
11900
32200
44100
42
17900
10000
27900
43
35000
100
35100
44
67500
0
67500
45
161000
0
161000
46
592900
0
592900
47
1026600
0
1026600
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.