Carpenter Technology CorporatioClose $422.01EOD only
Max Pain
$410.00
Next expiry Jun 18, 2026
Expected Move
±$47.45
11.2% from close
Price Gap
-12.01
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.60
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects CRS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — CRS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $410.00 (12.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$410.00
Nearest expiry
Expected Move
±$47.45
±11.2%
Days to Expiry
29
Calendar days
Total Call OI
2,094
Nearest expiry
Total Put OI
1,391
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$422.01
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$410.00
4/17/2026, 11:08:59 PM
2026-05-15
$420.00
5/15/2026, 11:08:12 PM
2026-06-18NextUpdated
$410.00
5/20/2026, 11:08:56 PM
2026-07-17
$400.00
5/20/2026, 11:08:56 PM
2026-08-21
$350.00
5/20/2026, 11:08:56 PM
2026-09-18
$370.00
5/20/2026, 11:08:56 PM
2026-10-16
$370.00
5/20/2026, 11:08:56 PM
2026-12-18
$250.00
5/20/2026, 11:08:56 PM
2027-01-15
$380.00
5/20/2026, 11:08:56 PM
Selected expiration: 2026-06-18 at max pain $410.00.
CRS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
34064000
34064000
130
8000
33370500
33378500
135
16500
32677500
32694000
140
36000
31985500
32021500
145
56000
31294500
31350500
150
76000
30605000
30681000
155
96000
29916500
30012500
160
116500
29228000
29344500
165
138000
28540500
28678500
170
160000
27853000
28013000
175
183500
27165500
27349000
180
208000
26478500
26686500
185
233000
25791500
26024500
190
258500
25105000
25363500
195
285000
24418500
24703500
200
312500
23733000
24045500
210
370500
22362000
22732500
220
428500
20991000
21419500
230
488500
19620000
20108500
240
549500
18249000
18798500
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.