This page reflects CRMD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — CRMD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (0.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.40
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
13,877
Nearest expiry
Total Put OI
6,923
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$8.17
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$9.00
6/18/2026, 11:09:38 PM
2026-07-17
$8.00
7/17/2026, 11:11:00 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:08:52 PM
2026-09-18
$9.00
8/18/2026, 11:08:52 PM
2026-12-18
$9.00
8/18/2026, 11:08:52 PM
2027-01-15
$8.00
8/18/2026, 11:08:52 PM
2027-03-19
$14.00
8/18/2026, 11:08:52 PM
Selected expiration: 2026-08-21 at max pain $8.00.
CRMD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
4749000
4749000
2
1100
4056800
4057900
3
4600
3364900
3369500
4
8200
2693600
2701800
5
15600
2022300
2037900
6
23900
1354400
1378300
7
52700
905800
958500
8
112300
528900
641200
9
382900
309200
692100
10
892500
104100
996600
11
1994900
75900
2070800
12
3162000
47700
3209700
13
4440500
33400
4473900
14
5787300
19100
5806400
15
7134400
4800
7139200
16
8509600
2400
8512000
17
9885800
0
9885800
20
14033600
0
14033600
22
16798800
0
16798800
25
20954100
0
20954100
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.