Nearest listed expiration 2026-08-21 shows max pain at $92.00 (14.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$92.00
Nearest expiry
Expected Move
±$7.88
±7.4%
Days to Expiry
4
Calendar days
Total Call OI
209,925
Nearest expiry
Total Put OI
149,470
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$106.00
Published close
Consensus
6.5/10
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
2026-08-07
$81.00
8/7/2026, 11:11:30 PM
2026-08-14
$95.00
8/14/2026, 11:12:04 PM
2026-08-21NextUpdated
$92.00
8/17/2026, 11:10:10 PM
2026-08-28
$90.00
8/17/2026, 11:10:10 PM
2026-09-04
$91.00
8/17/2026, 11:10:10 PM
2026-09-11
$97.00
8/17/2026, 11:10:10 PM
2026-09-18
$90.00
8/17/2026, 11:10:10 PM
2026-09-25
$98.00
8/17/2026, 11:10:10 PM
2026-10-02
$100.00
8/17/2026, 11:10:10 PM
2026-10-16
$95.00
8/17/2026, 11:10:10 PM
2026-11-20
$90.00
8/17/2026, 11:10:10 PM
2026-12-18
$87.50
8/17/2026, 11:10:10 PM
2027-01-15
$100.00
8/17/2026, 11:10:10 PM
2027-02-19
$95.00
8/17/2026, 11:10:10 PM
2027-03-19
$100.00
8/17/2026, 11:10:10 PM
2027-06-17
$105.00
8/17/2026, 11:10:10 PM
Selected expiration: 2026-08-21 at max pain $92.00.
CRWV pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
697302650
697302650
37.5
3500
660260400
660263900
40
7750
623548400
623556150
42.5
17250
587078400
587095650
45
30500
550647150
550677650
47.5
57750
514657400
514715150
50
120250
479454150
479574400
55
349250
411237650
411586900
60
653750
345178650
345832400
62
1052150
319853450
320905600
62.5
1158250
313593700
314751950
63
1267750
307367000
308634750
64
1490250
294973400
296463650
65
1716750
282647300
284364050
66
2113950
270917600
273031550
67
2534250
259232000
261766250
67.5
2752400
253427250
256179650
68
2975000
247726850
250701850
69
3433700
236363050
239796750
70
3900000
225175650
229075650
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.