This page reflects CVEO 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 — CVEO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (8.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$0.57
±1.7%
Days to Expiry
3
Calendar days
Total Call OI
1,324
Nearest expiry
Total Put OI
23
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$33.58
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
$29.00
6/18/2026, 11:03:46 PM
2026-07-17
$33.00
7/17/2026, 11:10:07 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:09:54 PM
2026-09-18
$35.00
8/18/2026, 11:09:54 PM
2026-11-20
$33.00
8/18/2026, 11:09:54 PM
2027-01-15
$35.00
8/18/2026, 11:09:54 PM
Selected expiration: 2026-08-21 at max pain $25.00.
CVEO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
5100
5100
16
0
3900
3900
17
0
3400
3400
18
0
3000
3000
23
0
1000
1000
25
0
400
400
28
300
100
400
29
400
0
400
30
1000
0
1000
31
89100
0
89100
32
177500
0
177500
33
265900
0
265900
34
354300
0
354300
35
443600
0
443600
36
574700
0
574700
37
705800
0
705800
38
836900
0
836900
39
968000
0
968000
40
1099100
0
1099100
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.