Carpenter Technology CorporatioClose $531.96EOD only
Max Pain
$540.00
Next expiry Aug 21, 2026
Expected Move
±$21.40
4.0% from close
Price Gap
+8.04
Distance to max pain
IV Rank
19
Low premium
P/C OI
0.82
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — CRS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $540.00 (8.04 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$540.00
Nearest expiry
Expected Move
±$21.40
±4.0%
Days to Expiry
3
Calendar days
Total Call OI
3,924
Nearest expiry
Total Put OI
1,788
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$531.96
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
$450.00
6/18/2026, 11:10:23 PM
2026-07-17
$560.00
7/17/2026, 11:09:19 PM
2026-08-21NextUpdated
$540.00
8/18/2026, 11:09:44 PM
2026-09-18
$540.00
8/18/2026, 11:09:44 PM
2026-10-16
$540.00
8/18/2026, 11:09:44 PM
2026-12-18
$490.00
8/18/2026, 11:09:44 PM
2027-01-15
$310.00
8/18/2026, 11:09:44 PM
2027-03-19
$500.00
8/18/2026, 11:09:44 PM
Selected expiration: 2026-08-21 at max pain $540.00.
CRS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
57984000
57984000
165
0
57123500
57123500
170
0
56263000
56263000
175
500
55402500
55403000
180
1000
54542000
54543000
185
1500
53681500
53683000
190
2500
52821000
52823500
195
4000
51960500
51964500
200
5500
51102000
51107500
210
8500
49385000
49393500
220
11500
47668000
47679500
240
19500
44260000
44279500
260
29500
40852000
40881500
280
41500
37444000
37485500
290
48500
35740000
35788500
300
57500
34036000
34093500
310
70500
32334000
32404500
320
83500
30635000
30718500
330
100500
28952000
29052500
340
122500
27272000
27394500
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.