This page reflects CVLT 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 — CVLT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $140.00 (2.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$5.78
±4.0%
Days to Expiry
3
Calendar days
Total Call OI
875
Nearest expiry
Total Put OI
864
Nearest expiry
P/C OI Ratio
0.99
Put-heavy
Spot Price
$142.81
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
$100.00
6/18/2026, 11:10:07 PM
2026-07-17
$100.00
7/17/2026, 11:10:00 PM
2026-08-21NextUpdated
$140.00
8/18/2026, 11:10:08 PM
2026-09-18
$135.00
8/18/2026, 11:10:08 PM
2026-10-16
$130.00
8/18/2026, 11:10:08 PM
2026-12-18
$105.00
8/18/2026, 11:10:08 PM
2027-01-15
$155.00
8/18/2026, 11:10:08 PM
2027-03-19
$145.00
8/18/2026, 11:10:08 PM
2027-06-17
$95.00
8/18/2026, 11:10:08 PM
Selected expiration: 2026-08-21 at max pain $140.00.
CVLT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
4778000
4778000
80
0
4356500
4356500
85
0
3945500
3945500
90
0
3535000
3535000
95
0
3125000
3125000
100
0
2715500
2715500
105
0
2307000
2307000
110
1000
1900500
1901500
115
3000
1509000
1512000
120
27500
1147500
1175000
125
83000
862000
945000
130
165000
593500
758500
135
280500
337000
617500
140
403500
193500
597000
145
570000
72500
642500
150
766500
42000
808500
155
1036500
12500
1049000
160
1326000
0
1326000
165
1692500
0
1692500
170
2093000
0
2093000
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.