Cognizant Technology Solutions Close $52.32EOD only
Max Pain
$52.50
Next expiry Jun 18, 2026
Expected Move
±$5.20
9.9% from close
Price Gap
+0.18
Distance to max pain
IV Rank
22
Low premium
P/C OI
0.88
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 21, 2026 close
End-of-day snapshot
This page reflects CTSH options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — CTSH
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $52.50 (0.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.50
Nearest expiry
Expected Move
±$5.20
±9.9%
Days to Expiry
28
Calendar days
Total Call OI
10,190
Nearest expiry
Total Put OI
4,214
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$52.32
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$62.50
4/17/2026, 11:09:21 PM
2026-05-15
$47.50
5/15/2026, 11:12:59 PM
2026-06-18NextUpdated
$52.50
5/21/2026, 11:11:03 PM
2026-07-17
$52.50
5/21/2026, 11:11:03 PM
2026-09-18
$62.50
5/21/2026, 11:11:03 PM
2026-10-16
$52.50
5/21/2026, 11:11:03 PM
2026-12-18
$60.00
5/21/2026, 11:11:03 PM
2027-01-15
$62.50
5/21/2026, 11:11:03 PM
2027-03-19
$55.00
5/21/2026, 11:11:03 PM
Selected expiration: 2026-06-18 at max pain $52.50.
CTSH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
7108000
7108000
40
0
6060000
6060000
42.5
266000
5022250
5288250
45
532000
4213750
4745750
47.5
799000
3484000
4283000
50
1076500
2835000
3911500
52.5
1455250
2289500
3744750
55
2097500
1805000
3902500
57.5
3390500
1361500
4752000
60
4911750
979250
5891000
62.5
6571500
751250
7322750
65
8323000
551250
8874250
67.5
10138750
375750
10514500
70
11999500
260000
12259500
72.5
13974000
192500
14166500
75
15969250
140750
16110000
77.5
18043750
98500
18142250
80
20181000
56250
20237250
82.5
22585500
28000
22613500
85
25001500
3500
25005000
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.