thetaOwl

CRWD

CrowdStrike Holdings, Inc.Close $212.92EOD only
Max Pain
$175.00
Next expiry Aug 21, 2026
Expected Move
±$8.80
4.1% from close
Price Gap
-37.92
Distance to max pain
IV Rank
49
Middle-high premium
P/C OI
0.96
Balanced positioning
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects CRWD 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 — CRWD
Data as of market close Aug 18, 2026

Nearest listed expiration 2026-08-21 shows max pain at $175.00 (37.92 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$8.80
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
132,318
Nearest expiry
Total Put OI
118,448
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$212.92
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$200.008/7/2026, 11:10:59 PM
2026-08-14$210.008/14/2026, 11:10:25 PM
2026-08-21NextUpdated$175.008/18/2026, 11:11:59 PM
2026-08-28$200.008/18/2026, 11:11:59 PM
2026-09-04$205.008/18/2026, 11:11:59 PM
2026-09-11$210.008/18/2026, 11:11:59 PM
2026-09-18$167.508/18/2026, 11:11:59 PM
2026-09-25$200.008/18/2026, 11:11:59 PM
2026-10-02$190.008/18/2026, 11:11:59 PM
2026-10-16$170.008/18/2026, 11:11:59 PM
2026-11-20$170.008/18/2026, 11:11:59 PM
2026-12-18$130.008/18/2026, 11:11:59 PM
2027-01-15$125.008/18/2026, 11:11:59 PM
2027-02-19$195.008/18/2026, 11:11:59 PM
2027-03-19$125.008/18/2026, 11:11:59 PM
2027-06-17$122.508/18/2026, 11:11:59 PM
Selected expiration: 2026-08-21 at max pain $175.00.
CRWD pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
45018251515001825151500
46.25018104186251810418625
47.5925017957028751795712125
48.753275017810275001781060250
506725017663657501766433000
52.514825017372787501737427000
5522925017083520001708581250
57.532425016797452501680069500
6047125016512647501651736000
62.563225016228852501623517500
6579325015946210001595414250
67.597125015663780001567349250
70119725015381882501539385500
72.5149425015100390001511533250
75180725014819502501483757500
77.5215100014543097501456460750
80255675014268132501429370000
82.5300550013995450001402550500
85347425013726065001376080750
87.5401650013460705001350087000
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.