This page reflects COGT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — COGT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $33.00 (0.08 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$33.00
Nearest expiry
Expected Move
±$3.98
±12.1%
Days to Expiry
29
Calendar days
Total Call OI
2,518
Nearest expiry
Total Put OI
1,393
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$32.92
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
$34.00
4/17/2026, 11:09:51 PM
2026-05-15
$39.00
5/15/2026, 11:11:29 PM
2026-06-18NextUpdated
$33.00
5/20/2026, 11:08:38 PM
2026-07-17
$33.00
5/20/2026, 11:08:38 PM
2026-08-21
$37.00
5/20/2026, 11:08:38 PM
2026-11-20
$34.00
5/20/2026, 11:08:38 PM
2027-01-15
$30.00
5/20/2026, 11:08:38 PM
Selected expiration: 2026-06-18 at max pain $33.00.
COGT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
812400
812400
28
8100
395700
403800
29
10800
278200
289000
30
13600
161200
174800
31
18800
120100
138900
32
30500
81400
111900
33
42500
49100
91600
34
129900
26600
156500
35
219300
12300
231600
36
416300
6000
422300
37
629200
0
629200
38
844100
0
844100
39
1075200
0
1075200
40
1307800
0
1307800
41
1556100
0
1556100
43
2056700
0
2056700
44
2307000
0
2307000
45
2557600
0
2557600
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.