This page reflects CRGY 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 — CRGY
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $12.50 (1.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$0.88
±6.5%
Days to Expiry
11
Calendar days
Total Call OI
15,644
Nearest expiry
Total Put OI
9,008
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$13.56
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
$10.00
8/21/2026, 11:09:21 PM
2026-09-18
$11.00
9/18/2026, 11:09:06 PM
2026-10-16NextUpdated
$12.50
10/5/2026, 11:09:07 PM
2026-11-20
$12.00
10/5/2026, 11:09:07 PM
2026-12-18
$10.00
10/5/2026, 11:09:07 PM
2027-01-15
$10.00
10/5/2026, 11:09:07 PM
2027-04-16
$13.00
10/5/2026, 11:09:07 PM
Selected expiration: 2026-10-16 at max pain $12.50.
CRGY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
7724750
7724750
5
0
5472750
5472750
7.5
1250
3220750
3222000
9
12500
2067100
2079600
10
20100
1304000
1324100
11
123100
869000
992100
12.5
354700
236150
590850
14
803500
81200
884700
15
1187300
5300
1192600
16
1969700
1200
1970900
17.5
4106000
150
4106150
19
6413750
0
6413750
20
7952250
0
7952250
22.5
11859250
0
11859250
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.