This page reflects CPRT 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 — CPRT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $27.50 (4.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.50
Nearest expiry
Expected Move
±$1.50
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
16,411
Nearest expiry
Total Put OI
9,426
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$31.51
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
$32.50
6/18/2026, 11:08:28 PM
2026-07-17
$27.50
7/17/2026, 11:10:58 PM
2026-08-21NextUpdated
$27.50
8/18/2026, 11:10:41 PM
2026-09-18
$30.00
8/18/2026, 11:10:41 PM
2026-11-20
$30.00
8/18/2026, 11:10:41 PM
2026-12-18
$35.00
8/18/2026, 11:10:41 PM
2027-01-15
$30.00
8/18/2026, 11:10:41 PM
2027-02-19
$30.00
8/18/2026, 11:10:41 PM
2027-03-19
$30.00
8/18/2026, 11:10:41 PM
2027-06-17
$30.00
8/18/2026, 11:10:41 PM
Selected expiration: 2026-08-21 at max pain $27.50.
CPRT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
7730250
7730250
22.5
500
5384500
5385000
25
2500
3059000
3061500
27.5
1784250
1078750
2863000
30
3873500
237250
4110750
32.5
6564750
0
6564750
35
10006500
0
10006500
37.5
13710500
0
13710500
40
17552500
0
17552500
42.5
21527750
0
21527750
45
25553750
0
25553750
47.5
29649750
0
29649750
50
33748000
0
33748000
55
41953500
0
41953500
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.