Nearest listed expiration 2026-07-10 shows max pain at $96.00 (14.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$96.00
Nearest expiry
Expected Move
±$8.57
±10.5%
Days to Expiry
8
Calendar days
Total Call OI
47,264
Nearest expiry
Total Put OI
41,343
Nearest expiry
P/C OI Ratio
0.87
Put-heavy
Spot Price
$81.75
Published close
Consensus
6.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$105.00
6/26/2026, 11:07:21 PM
2026-07-02
$90.00
7/2/2026, 11:10:42 PM
2026-07-10NextUpdated
$96.00
7/3/2026, 11:08:17 PM
2026-07-17
$100.00
7/3/2026, 11:08:17 PM
2026-07-24
$97.00
7/3/2026, 11:08:17 PM
2026-07-31
$100.00
7/3/2026, 11:08:17 PM
2026-08-07
$95.00
7/3/2026, 11:08:17 PM
2026-08-21
$100.00
7/3/2026, 11:08:17 PM
2026-09-18
$100.00
7/3/2026, 11:08:17 PM
2026-10-16
$100.00
7/3/2026, 11:08:17 PM
2026-11-20
$105.00
7/3/2026, 11:08:17 PM
2026-12-18
$100.00
7/3/2026, 11:08:17 PM
2027-01-15
$100.00
7/3/2026, 11:08:17 PM
2027-03-19
$105.00
7/3/2026, 11:08:17 PM
2027-06-17
$105.00
7/3/2026, 11:08:17 PM
Selected expiration: 2026-07-10 at max pain $96.00.
CRWV pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
103386300
103386300
65
10000
84727300
84737300
68
25600
73900300
73925900
69
30800
70320600
70351400
70
36000
66749500
66785500
71
44600
63365900
63410500
72
53200
60047500
60100700
73
73100
56824600
56897700
74
108000
53620800
53728800
75
145000
50482000
50627000
76
186800
47502900
47689700
77
228900
44578400
44807300
78
273700
41690500
41964200
79
324300
38895200
39219500
80
379800
36162500
36542300
81
449600
33879700
34329300
82
523700
31660800
32184500
83
609700
29594900
30204600
84
705900
27576300
28282200
85
816000
25595800
26411800
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.