This page reflects CVLT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — CVLT
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $130.00 (23.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$10.40
±6.8%
Days to Expiry
11
Calendar days
Total Call OI
1,125
Nearest expiry
Total Put OI
459
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$153.73
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$135.00
8/21/2026, 11:09:58 PM
2026-09-18
$135.00
9/18/2026, 11:09:24 PM
2026-10-16NextUpdated
$130.00
10/5/2026, 11:11:56 PM
2026-11-20
$145.00
10/5/2026, 11:11:56 PM
2026-12-18
$115.00
10/5/2026, 11:11:56 PM
2027-01-15
$155.00
10/5/2026, 11:11:56 PM
2027-03-19
$145.00
10/5/2026, 11:11:56 PM
2027-06-17
$145.00
10/5/2026, 11:11:56 PM
Selected expiration: 2026-10-16 at max pain $130.00.
CVLT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
3719000
3719000
42.5
0
3604250
3604250
45
0
3489500
3489500
47.5
0
3374750
3374750
50
250
3260500
3260750
55
1250
3034000
3035250
60
2750
2808500
2811250
65
4250
2584000
2588250
70
5750
2361000
2366750
72.5
6500
2267500
2274000
75
7250
2174000
2181250
77.5
8250
2080500
2088750
80
9250
1988250
1997500
82.5
10250
1896000
1906250
85
11250
1803750
1815000
87.5
12750
1712000
1724750
90
14250
1621000
1635250
92.5
15750
1530000
1545750
95
18250
1439000
1457250
97.5
20750
1348000
1368750
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.