This page reflects CVCO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — CVCO
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $490.00 (25.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$490.00
Nearest expiry
Expected Move
±$28.50
±6.1%
Days to Expiry
30
Calendar days
Total Call OI
370
Nearest expiry
Total Put OI
22
Nearest expiry
P/C OI Ratio
0.06
Put-heavy
Spot Price
$464.71
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
$500.00
4/17/2026, 11:10:03 PM
2026-05-15
$460.00
5/15/2026, 11:10:55 PM
2026-06-18NextUpdated
$490.00
5/19/2026, 11:09:43 PM
2026-09-18
$480.00
5/19/2026, 11:09:43 PM
2026-12-18
$380.00
5/19/2026, 11:09:43 PM
Selected expiration: 2026-06-18 at max pain $490.00.
CVCO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
250
0
547000
547000
260
0
525000
525000
270
0
503000
503000
280
0
481000
481000
290
0
459000
459000
300
2000
437000
439000
320
6000
395000
401000
330
8000
374000
382000
340
10000
353000
363000
370
19000
290000
309000
380
23000
269000
292000
390
29000
249000
278000
400
36000
229000
265000
410
44000
209000
253000
420
54000
189000
243000
440
76000
153000
229000
460
98000
119000
217000
470
109000
104000
213000
480
120000
90000
210000
490
131000
77000
208000
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.