This page reflects CVLT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — CVLT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $97.50 (7.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$97.50
Nearest expiry
Expected Move
±$10.50
±10.0%
Days to Expiry
29
Calendar days
Total Call OI
123
Nearest expiry
Total Put OI
174
Nearest expiry
P/C OI Ratio
1.41
Put-heavy
Spot Price
$104.54
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
$77.50
4/17/2026, 11:09:35 PM
2026-05-15
$90.00
5/15/2026, 11:10:50 PM
2026-06-18NextUpdated
$97.50
5/20/2026, 11:08:42 PM
2026-07-17
$90.00
5/20/2026, 11:08:42 PM
2026-10-16
$95.00
5/20/2026, 11:08:42 PM
2026-12-18
$80.00
5/20/2026, 11:08:42 PM
Selected expiration: 2026-06-18 at max pain $97.50.
CVLT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
205750
205750
75
0
119250
119250
80
0
67750
67750
87.5
0
41500
41500
90
0
33250
33250
92.5
0
25750
25750
95
500
19000
19500
97.5
2250
15250
17500
100
7500
11500
19000
105
37000
6000
43000
110
73500
2000
75500
115
120500
0
120500
125
240500
0
240500
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.