This page reflects CRNC 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 — CRNC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $9.00 (0.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.68
±8.0%
Days to Expiry
3
Calendar days
Total Call OI
10,933
Nearest expiry
Total Put OI
1,866
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$8.47
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
$10.00
6/18/2026, 11:08:48 PM
2026-07-17
$10.00
7/17/2026, 11:11:07 PM
2026-08-21NextUpdated
$9.00
8/18/2026, 11:09:30 PM
2026-09-18
$8.00
8/18/2026, 11:09:30 PM
2026-11-20
$10.00
8/18/2026, 11:09:30 PM
2026-12-18
$10.00
8/18/2026, 11:09:30 PM
2027-01-15
$10.00
8/18/2026, 11:09:30 PM
2027-02-19
$6.00
8/18/2026, 11:09:30 PM
Selected expiration: 2026-08-21 at max pain $9.00.
CRNC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
821200
821200
4
0
634600
634600
5
300
479400
479700
6
2400
347300
349700
7
5000
236400
241400
8
16300
142000
158300
9
41000
84400
125400
10
92300
37600
129900
11
665700
23700
689400
12
1364300
18700
1383000
13
2198500
14200
2212700
14
3168000
10500
3178500
15
4149100
6800
4155900
16
5170600
3800
5174400
17
6204700
2700
6207400
18
7273000
1600
7274600
19
8343500
500
8344000
20
9418500
400
9418900
21
10497100
300
10497400
22
11576900
200
11577100
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.