Canadian Pacific Kansas City LiClose $93.68EOD only
Max Pain
$90.00
Next expiry Aug 21, 2026
Expected Move
±$2.42
2.6% from close
Price Gap
-3.68
Distance to max pain
IV Rank
19
Low premium
P/C OI
0.31
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — CP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (3.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$2.42
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
1,066
Nearest expiry
Total Put OI
1,238
Nearest expiry
P/C OI Ratio
1.16
Put-heavy
Spot Price
$93.68
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
$85.00
6/18/2026, 11:11:47 PM
2026-07-17
$90.00
7/17/2026, 11:09:49 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:09:20 PM
2026-09-18
$75.00
8/18/2026, 11:09:20 PM
2026-10-16
$90.00
8/18/2026, 11:09:20 PM
2026-11-20
$82.50
8/18/2026, 11:09:20 PM
2026-12-18
$87.50
8/18/2026, 11:09:20 PM
2027-01-15
$75.00
8/18/2026, 11:09:20 PM
2027-03-19
$87.50
8/18/2026, 11:09:20 PM
Selected expiration: 2026-08-21 at max pain $90.00.
CP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
4808250
4808250
50
0
4499250
4499250
65
0
2651250
2651250
70
0
2038250
2038250
75
2000
1426750
1428750
77.5
5500
1123000
1128500
80
9000
822000
831000
82.5
14500
525750
540250
85
20500
235750
256250
87.5
42250
105000
147250
90
70250
41000
111250
92.5
125500
0
125500
95
251500
0
251500
97.5
475500
0
475500
100
721250
0
721250
105
1250750
0
1250750
115
2315750
0
2315750
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.