This page reflects CRBG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — CRBG
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $32.00 (2.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$1.33
±3.8%
Days to Expiry
11
Calendar days
Total Call OI
1,339
Nearest expiry
Total Put OI
12,438
Nearest expiry
P/C OI Ratio
9.29
Put-heavy
Spot Price
$34.84
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$31.00
8/21/2026, 11:07:52 PM
2026-09-18
$37.00
9/18/2026, 11:10:39 PM
2026-10-16NextUpdated
$32.00
10/5/2026, 11:09:39 PM
2026-11-20
$35.00
10/5/2026, 11:09:39 PM
2027-01-15
$31.00
10/5/2026, 11:09:39 PM
2027-04-16
$34.00
10/5/2026, 11:09:39 PM
Selected expiration: 2026-10-16 at max pain $32.00.
CRBG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
20259100
20259100
16
0
19016400
19016400
17
0
17773700
17773700
18
0
16531000
16531000
19
0
15289300
15289300
20
0
14047600
14047600
21
0
12805900
12805900
22
100
11564400
11564500
23
200
10341800
10342000
24
500
9119300
9119800
25
800
7902000
7902800
26
1100
6684700
6685800
27
1600
5467400
5469000
28
2100
4250400
4252500
29
2600
3036700
3039300
30
56900
1828200
1885100
31
140400
627100
767500
32
224600
191700
416300
33
329300
88800
418100
34
445000
900
445900
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.