This page reflects CRMD 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 — CRMD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $9.00 (1.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.90
±11.3%
Days to Expiry
29
Calendar days
Total Call OI
13,748
Nearest expiry
Total Put OI
11,195
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$7.93
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
$7.00
4/17/2026, 11:10:21 PM
2026-05-15
$7.00
5/15/2026, 11:09:46 PM
2026-06-18NextUpdated
$9.00
5/20/2026, 11:08:31 PM
2026-07-17
$8.00
5/20/2026, 11:08:31 PM
2026-08-21
$8.00
5/20/2026, 11:08:31 PM
2026-09-18
$9.00
5/20/2026, 11:08:31 PM
2026-12-18
$8.00
5/20/2026, 11:08:31 PM
2027-01-15
$8.00
5/20/2026, 11:08:31 PM
Selected expiration: 2026-06-18 at max pain $9.00.
CRMD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
5453200
5453200
5
500
4335700
4336200
6
1500
3221300
3222800
7
33600
2109000
2142600
8
317200
1062300
1379500
9
842700
63500
906200
10
1934400
13200
1947600
11
3174500
1300
3175800
12
4460700
1100
4461800
13
5782100
900
5783000
14
7109500
700
7110200
15
8441300
600
8441900
16
9781700
500
9782200
17
11124600
400
11125000
18
12488000
300
12488300
19
13861900
200
13862100
21
16609700
0
16609700
22
17983600
0
17983600
24
20733200
0
20733200
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.