CenterPoint Energy, Inc (HoldinClose $40.40EOD only
Max Pain
$40.00
Next expiry Aug 21, 2026
Expected Move
±$0.80
2.0% from close
Price Gap
-0.40
Distance to max pain
IV Rank
74
High premium
P/C OI
0.25
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 19, 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
Aug 19, 2026 close
Max Pain — CNP
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (0.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$0.80
±2.0%
Days to Expiry
2
Calendar days
Total Call OI
8,617
Nearest expiry
Total Put OI
1,854
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$40.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$42.00
6/18/2026, 11:10:05 PM
2026-07-17
$43.00
7/17/2026, 11:07:51 PM
2026-08-21NextUpdated
$40.00
8/19/2026, 11:09:41 PM
2026-09-18
$41.00
8/19/2026, 11:09:41 PM
2026-11-20
$43.00
8/19/2026, 11:09:41 PM
2026-12-18
$42.00
8/19/2026, 11:09:41 PM
2027-01-15
$40.00
8/19/2026, 11:09:41 PM
2027-02-19
$30.00
8/19/2026, 11:09:41 PM
Selected expiration: 2026-08-21 at max pain $40.00.
CNP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1868400
1868400
31
200
1683200
1683400
32
1000
1498000
1499000
33
2100
1312800
1314900
34
4000
1130200
1134200
35
5900
947700
953600
36
7800
788700
796500
37
14200
631200
645400
38
20600
476900
497500
39
29900
334700
364600
40
44300
222500
266800
41
145900
145300
291200
42
267100
79500
346600
43
654900
27600
682500
44
1087900
12900
1100800
45
1631000
4600
1635600
46
2360300
1200
2361500
47
3112700
300
3113000
48
3930700
200
3930900
49
4761700
100
4761800
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.