This page reflects CVCO 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 — CVCO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $570.00 (14.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$570.00
Nearest expiry
Expected Move
±$12.45
±2.1%
Days to Expiry
3
Calendar days
Total Call OI
25
Nearest expiry
Total Put OI
31
Nearest expiry
P/C OI Ratio
1.24
Put-heavy
Spot Price
$584.77
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
$490.00
6/18/2026, 11:11:19 PM
2026-07-17
$540.00
7/17/2026, 11:12:00 PM
2026-08-21NextUpdated
$570.00
8/18/2026, 11:07:10 PM
2026-09-18
$540.00
8/18/2026, 11:07:10 PM
2026-12-18
$380.00
8/18/2026, 11:07:10 PM
2027-01-15
$450.00
8/18/2026, 11:07:10 PM
2027-03-19
$450.00
8/18/2026, 11:07:10 PM
Selected expiration: 2026-08-21 at max pain $570.00.
CVCO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
480
0
152000
152000
500
0
92000
92000
510
0
64000
64000
520
0
36000
36000
530
0
26000
26000
540
0
18000
18000
550
0
11000
11000
560
0
5000
5000
570
0
3000
3000
580
1000
2000
3000
590
8000
1000
9000
600
18000
0
18000
610
29000
0
29000
620
42000
0
42000
630
59000
0
59000
650
105000
0
105000
680
177000
0
177000
690
201000
0
201000
700
225000
0
225000
710
249000
0
249000
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.