This page reflects CRML options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — CRML
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $7.50 (0.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$0.70
±10.0%
Days to Expiry
7
Calendar days
Total Call OI
5,288
Nearest expiry
Total Put OI
3,224
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$7.03
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$8.00
9/25/2026, 11:07:24 PM
2026-10-02Updated
$7.50
10/2/2026, 11:07:42 PM
2026-10-09Next
$7.50
10/2/2026, 11:07:42 PM
2026-10-16
$8.50
10/2/2026, 11:07:42 PM
2026-10-23
$8.00
10/2/2026, 11:07:42 PM
2026-10-30
$7.50
10/2/2026, 11:07:42 PM
2026-11-06
$8.50
10/2/2026, 11:07:42 PM
2026-11-20
$10.00
10/2/2026, 11:07:42 PM
2027-01-15
$10.00
10/2/2026, 11:07:42 PM
2027-02-19
$7.50
10/2/2026, 11:07:42 PM
2027-05-21
$7.50
10/2/2026, 11:07:42 PM
Selected expiration: 2026-10-09 at max pain $7.50.
CRML pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1655950
1655950
4
0
1172350
1172350
5
100
849950
850050
5.5
150
688800
688950
6
350
528550
528900
6.5
24450
373600
398050
7
49750
241350
291100
7.5
77650
116700
194350
8
160350
74200
234550
8.5
349950
44300
394250
9
549950
27950
577900
9.5
762850
20000
782850
10
983950
15000
998950
10.5
1214750
10550
1225300
11
1454200
6450
1460650
11.5
1714000
4100
1718100
12
1974300
2200
1976500
12.5
2237250
1850
2239100
13
2500450
1500
2501950
14
3027950
1000
3028950
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.