This page reflects CSX 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 — CSX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (0.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$0.93
±1.8%
Days to Expiry
3
Calendar days
Total Call OI
25,782
Nearest expiry
Total Put OI
19,091
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$50.24
Published close
Consensus
-
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
$50.00
8/7/2026, 11:08:51 PM
2026-08-14
$50.00
8/14/2026, 11:09:20 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:09:25 PM
2026-08-28
$51.00
8/18/2026, 11:09:25 PM
2026-09-04
$51.00
8/18/2026, 11:09:25 PM
2026-09-11
$49.00
8/18/2026, 11:09:25 PM
2026-09-18
$45.00
8/18/2026, 11:09:25 PM
2026-09-25
$50.00
8/18/2026, 11:09:25 PM
2026-10-02
$50.00
8/18/2026, 11:09:25 PM
2026-11-20
$50.00
8/18/2026, 11:09:25 PM
2026-12-18
$37.50
8/18/2026, 11:09:25 PM
2027-01-15
$40.00
8/18/2026, 11:09:25 PM
2027-02-19
$52.50
8/18/2026, 11:09:25 PM
2027-03-19
$45.00
8/18/2026, 11:09:25 PM
2027-06-17
$35.00
8/18/2026, 11:09:25 PM
Selected expiration: 2026-08-21 at max pain $50.00.
CSX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
51498300
51498300
22.5
16250
46725550
46741800
25
34500
41953050
41987550
27.5
64750
37180550
37245300
30
95500
32447800
32543300
32.5
140250
27726050
27866300
35
203000
23004300
23207300
37.5
312500
18500800
18813300
39
392300
15924250
16316550
40
445500
14207450
14652950
42
681100
10874050
11555150
42.5
740000
10040700
10780700
43
822600
9260250
10082850
44
987800
7699950
8687750
45
1153000
6140050
7293050
45.5
1316500
5471200
6787700
46
1482050
4809700
6291750
46.5
1648250
4151950
5800200
47
1815000
3494650
5309650
47.5
1981850
2853300
4835150
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.