Nearest listed expiration 2026-05-22 shows max pain at $110.00 (10.19 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$8.03
±8.0%
Days to Expiry
3
Calendar days
Total Call OI
58,733
Nearest expiry
Total Put OI
119,462
Nearest expiry
P/C OI Ratio
2.03
Put-heavy
Spot Price
$99.81
Published close
Consensus
7.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$115.00
5/8/2026, 11:10:22 PM
2026-05-15
$110.00
5/15/2026, 11:11:18 PM
2026-05-22NextUpdated
$110.00
5/19/2026, 11:09:18 PM
2026-05-29
$110.00
5/19/2026, 11:09:18 PM
2026-06-05
$106.00
5/19/2026, 11:09:18 PM
2026-06-12
$110.00
5/19/2026, 11:09:18 PM
2026-06-18
$100.00
5/19/2026, 11:09:18 PM
2026-06-26
$110.00
5/19/2026, 11:09:18 PM
2026-07-17
$105.00
5/19/2026, 11:09:18 PM
2026-08-21
$95.00
5/19/2026, 11:09:18 PM
2026-09-18
$105.00
5/19/2026, 11:09:18 PM
2026-10-16
$110.00
5/19/2026, 11:09:18 PM
2026-11-20
$105.00
5/19/2026, 11:09:18 PM
2026-12-18
$100.00
5/19/2026, 11:09:18 PM
2027-01-15
$100.00
5/19/2026, 11:09:18 PM
2027-03-19
$115.00
5/19/2026, 11:09:18 PM
Selected expiration: 2026-05-22 at max pain $110.00.
CRWV pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
624724100
624724100
45
0
565018600
565018600
50
0
505333600
505333600
55
1500
446138600
446140100
57
3100
422982000
422985100
58
4000
411404300
411408300
59
4900
399828900
399833800
60
5900
388256100
388262000
61
7700
376706300
376714000
62
9500
365168500
365178000
63
11300
353643000
353654300
64
13100
342124400
342137500
65
14900
330607400
330622300
66
16700
319147500
319164200
67
18500
307695100
307713600
68
20300
296256700
296277000
69
24600
284943100
284967700
70
28900
273637200
273666100
71
36100
262667400
262703500
72
46100
251737800
251783900
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.