This page reflects CRMD 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 — CRMD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $8.00 (0.75 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
±$0.90
±10.3%
Days to Expiry
15
Calendar days
Total Call OI
3,242
Nearest expiry
Total Put OI
626
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$8.75
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
$7.00
5/15/2026, 11:09:46 PM
2026-06-18
$9.00
6/18/2026, 11:09:38 PM
2026-07-17NextUpdated
$8.00
7/3/2026, 11:08:54 PM
2026-08-21
$9.00
7/3/2026, 11:08:54 PM
2026-09-18
$9.00
7/3/2026, 11:08:54 PM
2026-12-18
$10.00
7/3/2026, 11:08:54 PM
2027-01-15
$8.00
7/3/2026, 11:08:54 PM
Selected expiration: 2026-07-17 at max pain $8.00.
CRMD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
449500
449500
2
0
386900
386900
3
200
324300
324500
5
800
199100
199900
6
1700
136600
138300
7
2600
75000
77600
8
4200
24900
29100
9
56200
900
57100
10
306500
0
306500
11
597100
0
597100
12
919800
0
919800
14
1565800
0
1565800
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.