This page reflects CRML 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 — CRML
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (3.85 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.50
±8.1%
Days to Expiry
3
Calendar days
Total Call OI
95,403
Nearest expiry
Total Put OI
53,021
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$6.15
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
2026-08-07
$6.00
8/7/2026, 11:07:24 PM
2026-08-14
$7.00
8/14/2026, 11:04:51 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:10:02 PM
2026-08-28
$6.50
8/18/2026, 11:10:02 PM
2026-09-04
$6.00
8/18/2026, 11:10:02 PM
2026-09-11
$6.50
8/18/2026, 11:10:02 PM
2026-09-18
$7.50
8/18/2026, 11:10:02 PM
2026-09-25
$7.00
8/18/2026, 11:10:02 PM
2026-10-02
$7.50
8/18/2026, 11:10:02 PM
2026-11-20
$7.50
8/18/2026, 11:10:02 PM
2027-01-15
$10.00
8/18/2026, 11:10:02 PM
2027-02-19
$7.50
8/18/2026, 11:10:02 PM
Selected expiration: 2026-08-21 at max pain $10.00.
CRML pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
44741050
44741050
2.5
50
42113400
42113450
3
550
39485750
39486300
4
1550
34236550
34238100
5
3150
28989950
28993100
5.5
20650
26436600
26457250
6
39700
23892700
23932400
6.5
83900
21408750
21492650
7
154050
19040850
19194900
7.5
335550
16686550
17022100
8
695250
14539850
15235100
8.5
1086200
12394800
13481000
9
1492550
10250350
11742900
9.5
1913200
8108750
10021950
10
2336550
5973050
8309600
10.5
3950750
4943650
8894400
11
5565950
3915400
9481350
11.5
7182650
2887350
10070000
12
8799850
1859500
10659350
12.5
10417150
831850
11249000
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.