This page reflects CRBG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — CRBG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $27.00 (2.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$1.57
±5.3%
Days to Expiry
15
Calendar days
Total Call OI
6,726
Nearest expiry
Total Put OI
5,252
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$29.76
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$25.00
5/15/2026, 11:12:25 PM
2026-06-18
$28.00
6/18/2026, 11:09:00 PM
2026-07-17NextUpdated
$27.00
7/3/2026, 11:09:02 PM
2026-08-21
$28.00
7/3/2026, 11:09:02 PM
2026-10-16
$22.00
7/3/2026, 11:09:02 PM
2027-01-15
$22.00
7/3/2026, 11:09:02 PM
Selected expiration: 2026-07-17 at max pain $27.00.
CRBG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
5887600
5887600
18
0
4312000
4312000
20
0
3264000
3264000
21
0
2740000
2740000
22
0
2216300
2216300
23
100
1693600
1693700
24
200
1178100
1178300
25
3000
712300
715300
26
17800
265300
283100
27
53300
187200
240500
28
133000
114900
247900
29
226800
45600
272400
30
337100
2800
339900
31
574200
1900
576100
32
858600
1000
859600
33
1519800
500
1520300
34
2182500
0
2182500
35
2851000
0
2851000
36
3523000
0
3523000
37
4195600
0
4195600
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.