This page reflects CRML 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 — CRML
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $10.50 (0.94 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.50
Nearest expiry
Expected Move
±$1.02
±10.7%
Days to Expiry
8
Calendar days
Total Call OI
6,091
Nearest expiry
Total Put OI
3,167
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$9.56
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$10.00
6/26/2026, 11:10:10 PM
2026-07-02
$9.50
7/2/2026, 11:10:34 PM
2026-07-10NextUpdated
$10.50
7/3/2026, 11:10:35 PM
2026-07-17
$11.00
7/3/2026, 11:10:35 PM
2026-07-24
$10.50
7/3/2026, 11:10:35 PM
2026-07-31
$10.00
7/3/2026, 11:10:35 PM
2026-08-07
$10.00
7/3/2026, 11:10:35 PM
2026-08-21
$10.00
7/3/2026, 11:10:35 PM
2026-11-20
$15.00
7/3/2026, 11:10:35 PM
2027-01-15
$12.50
7/3/2026, 11:10:35 PM
2027-02-19
$7.50
7/3/2026, 11:10:35 PM
Selected expiration: 2026-07-10 at max pain $10.50.
CRML pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
2181150
2181150
5
0
1547750
1547750
6
200
1231150
1231350
6.5
300
1072950
1073250
7
400
915250
915650
7.5
550
759400
759950
8
750
604650
605400
8.5
1000
458400
459400
9
1400
334550
335950
9.5
24250
231000
255250
10
48150
173450
221600
10.5
84400
126000
210400
11
142050
85850
227900
11.5
309700
48300
358000
12
526100
24700
550800
12.5
779550
6400
785950
13
1043550
1900
1045450
13.5
1312750
1400
1314150
14
1583550
1200
1584750
14.5
1854900
1000
1855900
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.