This page reflects CSX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — CSX
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $45.00 (0.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$0.82
±1.8%
Days to Expiry
2
Calendar days
Total Call OI
1,451
Nearest expiry
Total Put OI
504
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$45.94
Published close
Consensus
-
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
$43.00
5/8/2026, 11:09:16 PM
2026-05-15
$42.50
5/15/2026, 11:10:29 PM
2026-05-22NextUpdated
$45.00
5/20/2026, 11:11:18 PM
2026-05-29
$43.00
5/20/2026, 11:11:18 PM
2026-06-05
$46.00
5/20/2026, 11:11:18 PM
2026-06-12
$44.00
5/20/2026, 11:11:18 PM
2026-06-18
$37.50
5/20/2026, 11:11:18 PM
2026-06-26
$42.00
5/20/2026, 11:11:18 PM
2026-07-17
$45.00
5/20/2026, 11:11:18 PM
2026-08-21
$42.50
5/20/2026, 11:11:18 PM
2026-09-18
$37.50
5/20/2026, 11:11:18 PM
2026-11-20
$42.50
5/20/2026, 11:11:18 PM
2026-12-18
$35.00
5/20/2026, 11:11:18 PM
2027-01-15
$40.00
5/20/2026, 11:11:18 PM
2027-03-19
$40.00
5/20/2026, 11:11:18 PM
Selected expiration: 2026-05-22 at max pain $45.00.
CSX pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
731800
731800
31
2800
681400
684200
34
11800
530200
542000
35
14900
480000
494900
36
18000
430100
448100
37
21100
380600
401700
37.5
22750
356450
379200
38
24400
332350
356750
39
27700
284550
312250
40
31000
236850
267850
40.5
33100
214100
247200
41
35200
191400
226600
41.5
37750
169000
206750
42
40300
146650
186950
42.5
42950
124550
167500
43
50100
102450
152550
43.5
58150
80750
138900
44
66400
60950
127350
44.5
77400
44000
121400
45
90000
27700
117700
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.