Cognizant Technology Solutions Close $60.93EOD only
Max Pain
$55.00
Next expiry Aug 21, 2026
Expected Move
±$2.05
3.4% from close
Price Gap
-5.93
Distance to max pain
IV Rank
30
Middle-high premium
P/C OI
0.94
Balanced positioning
Consensus
—
No reports available
Published snapshot: Aug 19, 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
Aug 19, 2026 close
Max Pain — CTSH
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (5.93 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$2.05
±3.4%
Days to Expiry
2
Calendar days
Total Call OI
5,672
Nearest expiry
Total Put OI
7,891
Nearest expiry
P/C OI Ratio
1.39
Put-heavy
Spot Price
$60.93
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
$52.50
6/18/2026, 11:10:23 PM
2026-07-17
$42.50
7/17/2026, 11:12:16 PM
2026-08-21NextUpdated
$55.00
8/19/2026, 11:04:02 PM
2026-09-18
$55.00
8/19/2026, 11:04:02 PM
2026-10-16
$47.50
8/19/2026, 11:04:02 PM
2026-12-18
$45.00
8/19/2026, 11:04:02 PM
2027-01-15
$60.00
8/19/2026, 11:04:02 PM
2027-03-19
$55.00
8/19/2026, 11:04:02 PM
2027-06-17
$52.50
8/19/2026, 11:04:02 PM
Selected expiration: 2026-08-21 at max pain $55.00.
CTSH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
17050500
17050500
27.5
0
15081250
15081250
30
0
13112750
13112750
32.5
0
11147500
11147500
35
0
9213500
9213500
37.5
0
7304750
7304750
40
750
5771750
5772500
42.5
1500
4469750
4471250
45
2250
3293750
3296000
47.5
3250
2238750
2242000
50
4750
1305500
1310250
52.5
12500
794250
806750
55
376000
353250
729250
57.5
1007500
165000
1172500
60
1922250
500
1922750
62.5
3114750
0
3114750
65
4440250
0
4440250
70
7261750
0
7261750
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.