This page reflects COHR 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 — COHR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $372.50 (14.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$372.50
Nearest expiry
Expected Move
±$26.25
±7.3%
Days to Expiry
2
Calendar days
Total Call OI
9,978
Nearest expiry
Total Put OI
18,568
Nearest expiry
P/C OI Ratio
1.86
Put-heavy
Spot Price
$358.50
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$325.00
5/8/2026, 11:08:55 PM
2026-05-15
$330.00
5/15/2026, 11:08:52 PM
2026-05-22NextUpdated
$372.50
5/20/2026, 11:07:47 PM
2026-05-29
$345.00
5/20/2026, 11:07:47 PM
2026-06-05
$335.00
5/20/2026, 11:07:47 PM
2026-06-12
$345.00
5/20/2026, 11:07:47 PM
2026-06-18
$280.00
5/20/2026, 11:07:47 PM
2026-06-26
$365.00
5/20/2026, 11:07:47 PM
2026-07-17
$330.00
5/20/2026, 11:07:47 PM
2026-08-21
$300.00
5/20/2026, 11:07:47 PM
2026-09-18
$240.00
5/20/2026, 11:07:47 PM
2026-10-16
$320.00
5/20/2026, 11:07:47 PM
2027-01-15
$290.00
5/20/2026, 11:07:47 PM
Selected expiration: 2026-05-22 at max pain $372.50.
COHR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
364374500
364374500
135
2000
355107000
355109000
140
6500
345839500
345846000
145
24000
336585500
336609500
155
61000
318077500
318138500
160
80500
308823500
308904000
165
100500
299579000
299679500
170
121500
290351500
290473000
175
144000
281181500
281325500
180
166500
272032500
272199000
185
189500
262897000
263086500
190
213000
253776500
253989500
195
236500
244669000
244905500
200
260000
235568500
235828500
202.5
273000
231037000
231310000
205
286250
226505500
226791750
207.5
300000
221977000
222277000
210
314000
217448500
217762500
212.5
328750
212926250
213255000
215
343750
208404000
208747750
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.