California Resources CorporatioClose $51.26EOD only
Max Pain
$55.00
Next expiry Jul 17, 2026
Expected Move
±$10.97
21.4% from close
Price Gap
+3.74
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.66
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects CRC 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 — CRC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $55.00 (3.74 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$10.97
±21.4%
Days to Expiry
15
Calendar days
Total Call OI
618
Nearest expiry
Total Put OI
220
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$51.26
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
$60.00
5/15/2026, 11:12:01 PM
2026-06-18
$57.50
6/18/2026, 11:12:01 PM
2026-07-17NextUpdated
$55.00
7/3/2026, 11:07:59 PM
2026-08-21
$55.00
7/3/2026, 11:07:59 PM
2026-10-16
$52.50
7/3/2026, 11:07:59 PM
2026-12-18
$47.50
7/3/2026, 11:07:59 PM
2027-01-15
$37.50
7/3/2026, 11:07:59 PM
Selected expiration: 2026-07-17 at max pain $55.00.
CRC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
547250
547250
27.5
0
437250
437250
30
0
382250
382250
35
0
300750
300750
37.5
0
262000
262000
40
0
223500
223500
42.5
0
185250
185250
45
250
147000
147250
47.5
500
109750
110250
50
1500
73750
75250
52.5
4250
39000
43250
55
8250
5750
14000
57.5
19000
3500
22500
60
31000
2750
33750
62.5
61750
2000
63750
65
93750
1250
95000
67.5
200250
500
200750
70
310000
0
310000
72.5
433500
0
433500
75
559250
0
559250
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.