Carpenter Technology CorporatioClose $597.24EOD only
Max Pain
$550.00
Next expiry Jul 17, 2026
Expected Move
±$45.85
7.7% from close
Price Gap
-47.24
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.59
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — CRS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $550.00 (47.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$550.00
Nearest expiry
Expected Move
±$45.85
±7.7%
Days to Expiry
15
Calendar days
Total Call OI
3,529
Nearest expiry
Total Put OI
2,210
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$597.24
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$420.00
5/15/2026, 11:08:12 PM
2026-06-18
$450.00
6/18/2026, 11:10:23 PM
2026-07-17NextUpdated
$550.00
7/3/2026, 11:10:25 PM
2026-08-21
$500.00
7/3/2026, 11:10:25 PM
2026-09-18
$440.00
7/3/2026, 11:10:25 PM
2026-10-16
$520.00
7/3/2026, 11:10:25 PM
2026-12-18
$380.00
7/3/2026, 11:10:25 PM
2027-01-15
$300.00
7/3/2026, 11:10:25 PM
Selected expiration: 2026-07-17 at max pain $550.00.
CRS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
73905500
73905500
165
1000
72800500
72801500
170
2500
71696500
71699000
175
4500
70592500
70597000
180
10000
69488500
69498500
185
16000
68385000
68401000
190
22000
67282000
67304000
195
28000
66179000
66207000
200
36000
65076000
65112000
210
55000
62870000
62925000
220
75000
60664000
60739000
230
96000
58458000
58554000
240
117000
56252000
56369000
270
180000
49634000
49814000
280
205000
47428000
47633000
290
230000
45234000
45464000
300
255000
43040000
43295000
310
280000
40847000
41127000
320
309000
38684000
38993000
330
342000
36538000
36880000
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.