This page reflects CRBG 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 — CRBG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $26.00 (1.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$26.00
Nearest expiry
Expected Move
±$2.50
±9.1%
Days to Expiry
29
Calendar days
Total Call OI
1,237
Nearest expiry
Total Put OI
431
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$27.52
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
$26.00
4/17/2026, 11:08:14 PM
2026-05-15
$25.00
5/15/2026, 11:12:25 PM
2026-06-18NextUpdated
$26.00
5/20/2026, 11:07:33 PM
2026-07-17
$26.00
5/20/2026, 11:07:33 PM
2026-10-16
$22.00
5/20/2026, 11:07:33 PM
2027-01-15
$20.00
5/20/2026, 11:07:33 PM
Selected expiration: 2026-06-18 at max pain $26.00.
CRBG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
219600
219600
23
8400
90300
98700
24
11200
47700
58900
25
14000
20900
34900
26
18000
13100
31100
27
25100
6200
31300
28
41000
900
41900
29
67400
700
68100
30
146200
500
146700
31
244600
300
244900
32
358600
200
358800
33
481700
100
481800
34
605400
0
605400
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.