This page reflects CPNG 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 — CPNG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $16.00 (0.42 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$0.56
±3.6%
Days to Expiry
3
Calendar days
Total Call OI
91,102
Nearest expiry
Total Put OI
25,236
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$15.58
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
2026-08-07
$17.00
8/7/2026, 11:08:37 PM
2026-08-14
$16.50
8/14/2026, 11:09:13 PM
2026-08-21NextUpdated
$16.00
8/18/2026, 11:09:09 PM
2026-08-28
$16.50
8/18/2026, 11:09:09 PM
2026-09-04
$15.50
8/18/2026, 11:09:09 PM
2026-09-11
$16.00
8/18/2026, 11:09:09 PM
2026-09-18
$18.00
8/18/2026, 11:09:09 PM
2026-09-25
$16.00
8/18/2026, 11:09:09 PM
2026-10-02
$15.00
8/18/2026, 11:09:09 PM
2026-11-20
$17.00
8/18/2026, 11:09:09 PM
2026-12-18
$20.00
8/18/2026, 11:09:09 PM
2027-01-15
$18.00
8/18/2026, 11:09:09 PM
2027-02-19
$16.00
8/18/2026, 11:09:09 PM
2027-03-19
$17.00
8/18/2026, 11:09:09 PM
2027-06-17
$17.00
8/18/2026, 11:09:09 PM
Selected expiration: 2026-08-21 at max pain $16.00.
CPNG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
36055550
36055550
2
900
33532050
33532950
3
3300
31008950
31012250
4
6400
28485950
28492350
5
10200
25962950
25973150
6
14300
23439950
23454250
7
18800
20916950
20935750
8
25800
18393950
18419750
9
32800
15870950
15903750
10
39900
13347950
13387850
11
49600
10828950
10878550
11.5
54650
9571850
9626500
12
59850
8314800
8374650
12.5
66050
7061450
7127500
13
72400
5810050
5882450
13.5
94600
4718600
4813200
14
116850
3639250
3756100
14.5
139850
2804250
2944100
15
168700
2009500
2178200
15.5
257100
1561650
1818750
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.