Canadian Pacific Kansas City LiClose $86.34EOD only
Max Pain
$85.00
Next expiry Jun 18, 2026
Expected Move
±$5.20
6.0% from close
Price Gap
-1.34
Distance to max pain
IV Rank
16
Low premium
P/C OI
0.37
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects CP 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 — CP
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $85.00 (1.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$5.20
±6.0%
Days to Expiry
29
Calendar days
Total Call OI
9,488
Nearest expiry
Total Put OI
4,274
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$86.34
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
$80.00
4/17/2026, 11:07:35 PM
2026-05-15
$82.50
5/15/2026, 11:12:12 PM
2026-06-18NextUpdated
$85.00
5/20/2026, 11:09:51 PM
2026-07-17
$92.50
5/20/2026, 11:09:51 PM
2026-09-18
$75.00
5/20/2026, 11:09:51 PM
2026-12-18
$87.50
5/20/2026, 11:09:51 PM
2027-01-15
$60.00
5/20/2026, 11:09:51 PM
Selected expiration: 2026-06-18 at max pain $85.00.
CP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
17409750
17409750
50
1000
13135750
13136750
55
2000
10999250
11001250
60
3000
8883250
8886250
62.5
3500
7839750
7843250
65
4000
6803500
6807500
67.5
4500
5849750
5854250
70
5000
4916000
4921000
72.5
5500
4062250
4067750
75
50750
3238000
3288750
77.5
166500
2434500
2601000
80
333750
1659500
1993250
82.5
568750
1028250
1597000
85
890250
491250
1381500
87.5
1317500
311500
1629000
90
1997000
151500
2148500
92.5
3676500
0
3676500
95
6028750
0
6028750
100
10771750
0
10771750
105
15514750
0
15514750
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.