D/B/A Compass Diversified HoldiClose $11.88EOD only
Max Pain
$9.00
Next expiry Aug 21, 2026
Expected Move
±$0.60
5.0% from close
Price Gap
-2.88
Distance to max pain
IV Rank
39
Middle-high premium
P/C OI
0.01
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects CODI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — CODI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $9.00 (2.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.60
±5.0%
Days to Expiry
3
Calendar days
Total Call OI
2,427
Nearest expiry
Total Put OI
1,100
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$11.88
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
$10.00
6/18/2026, 11:07:46 PM
2026-07-17
$10.00
7/17/2026, 11:09:36 PM
2026-08-21NextUpdated
$9.00
8/18/2026, 11:10:32 PM
2026-09-18
$11.00
8/18/2026, 11:10:32 PM
2026-11-20
$11.00
8/18/2026, 11:10:32 PM
2026-12-18
$7.00
8/18/2026, 11:10:32 PM
2027-01-15
$5.00
8/18/2026, 11:10:32 PM
2027-02-19
$11.00
8/18/2026, 11:10:32 PM
Selected expiration: 2026-08-21 at max pain $9.00.
CODI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
816600
816600
2
4700
705700
710400
3
10200
594900
605100
4
15700
485400
501100
5
25100
380900
406000
6
37100
278900
316000
7
53700
185500
239200
8
73900
103000
176900
9
121400
43900
165300
10
184400
3400
187800
11
266100
1300
267400
12
396000
200
396200
13
590500
0
590500
14
807800
0
807800
15
1026700
0
1026700
16
1255500
0
1255500
18
1718500
0
1718500
19
1950000
0
1950000
20
2181700
0
2181700
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.