Cognizant Technology Solutions Close $51.30EOD only
Max Pain
$52.50
Next expiry Jun 18, 2026
Expected Move
±$5.20
10.1% from close
Price Gap
+1.20
Distance to max pain
IV Rank
23
Low premium
P/C OI
0.83
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 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 20, 2026 close
Max Pain — CTSH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $52.50 (1.20 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
±10.1%
Days to Expiry
29
Calendar days
Total Call OI
9,366
Nearest expiry
Total Put OI
3,391
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$51.30
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
5/20/2026, 11:09:44 PM
2026-07-17
$52.50
5/20/2026, 11:09:44 PM
2026-09-18
$62.50
5/20/2026, 11:09:44 PM
2026-10-16
$52.50
5/20/2026, 11:09:44 PM
2026-12-18
$60.00
5/20/2026, 11:09:44 PM
2027-01-15
$62.50
5/20/2026, 11:09:44 PM
2027-03-19
$55.00
5/20/2026, 11:09:44 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
6755000
6755000
40
0
5912750
5912750
42.5
256000
5080750
5336750
45
512000
4269000
4781000
47.5
769000
3533500
4302500
50
1036500
2877250
3913750
52.5
1404000
2325250
3729250
55
2032500
1834250
3866750
57.5
3312500
1384250
4696750
60
4627500
995500
5623000
62.5
6081000
761000
6842000
65
7626250
554500
8180750
67.5
9235750
375750
9611500
70
10890250
260000
11150250
72.5
12658500
192500
12851000
75
14447500
140750
14588250
77.5
16315500
98500
16414000
80
18246250
56250
18302500
82.5
20444250
28000
20472250
85
22654250
3500
22657750
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.