This page reflects CTRI 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 — CTRI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (2.35 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$1.00
±4.4%
Days to Expiry
3
Calendar days
Total Call OI
6,076
Nearest expiry
Total Put OI
1,272
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$22.65
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
2026-06-18
$32.50
6/18/2026, 11:08:58 PM
2026-07-17
$30.00
7/17/2026, 11:10:43 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:11:36 PM
2026-09-18
$22.50
8/18/2026, 11:11:36 PM
2026-11-20
$25.00
8/18/2026, 11:11:36 PM
2027-01-15
$22.50
8/18/2026, 11:11:36 PM
2027-02-19
$22.50
8/18/2026, 11:11:36 PM
Selected expiration: 2026-08-21 at max pain $25.00.
CTRI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
1430500
1430500
17.5
0
1113500
1113500
20
0
798250
798250
22.5
10250
530750
541000
25
49750
269250
319000
27.5
125500
219250
344750
30
224250
169750
394000
32.5
888000
120500
1008500
35
1568000
72250
1640250
37.5
2413000
28000
2441000
40
3263750
250
3264000
42.5
4404250
0
4404250
45
5544750
0
5544750
47.5
6964750
0
6964750
50
8385250
0
8385250
60
14461250
0
14461250
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.