thetaOwl

CRNC

Cerence Inc.Close $10.71EOD only
Max Pain
$10.00
Next expiry Jul 17, 2026
Expected Move
±$1.55
14.5% from close
Price Gap
-0.71
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.21
Slightly call-heavy
Consensus
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects CRNC 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 — CRNC
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-17 shows max pain at $10.00 (0.71 below 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
±$1.55
±14.5%
Days to Expiry
15
Calendar days
Total Call OI
2,333
Nearest expiry
Total Put OI
1,102
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$10.71
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-17
ExpirationMax Pain StrikeLast Updated
2026-05-15$10.005/15/2026, 11:13:08 PM
2026-06-18$10.006/18/2026, 11:08:48 PM
2026-07-17NextUpdated$10.007/3/2026, 11:09:19 PM
2026-08-21$10.007/3/2026, 11:09:19 PM
2026-11-20$10.007/3/2026, 11:09:19 PM
2026-12-18$11.007/3/2026, 11:09:19 PM
2027-01-15$10.007/3/2026, 11:09:19 PM
2027-02-19$5.007/3/2026, 11:09:19 PM
Selected expiration: 2026-07-17 at max pain $10.00.
CRNC pain by strike for 2026-07-17 expiration
StrikeCall PainPut PainTotal Pain
20736100736100
3100625900626000
4200515700515900
6400310300310700
7500212600213100
8600118800119400
99005280053700
1045001640020900
1120600260023200
128900030089300
132211000221100
143919000391900
155881000588100
168020000802000
17102730001027300
18125600001256000
19148780001487800
20171990001719900
23241980002419800
24265310002653100
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.