This page reflects CVLT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — CVLT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $90.00 (59.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$76.60
±51.1%
Days to Expiry
15
Calendar days
Total Call OI
3,370
Nearest expiry
Total Put OI
481
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$149.98
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$90.00
5/15/2026, 11:10:50 PM
2026-06-18
$100.00
6/18/2026, 11:10:07 PM
2026-07-17NextUpdated
$90.00
7/3/2026, 11:09:14 PM
2026-08-21
$140.00
7/3/2026, 11:09:14 PM
2026-10-16
$95.00
7/3/2026, 11:09:14 PM
2026-12-18
$85.00
7/3/2026, 11:09:14 PM
2027-01-15
$85.00
7/3/2026, 11:09:14 PM
Selected expiration: 2026-07-17 at max pain $90.00.
CVLT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
1965000
1965000
60
0
1725500
1725500
65
0
1514500
1514500
70
2000
1303500
1305500
72.5
3250
1200250
1203500
75
4500
1097000
1101500
77.5
6750
996250
1003000
80
9250
895750
905000
82.5
20000
810500
830500
85
31250
726000
757250
87.5
45000
646250
691250
90
63250
568750
632000
92.5
133500
510500
644000
95
204500
453000
657500
97.5
277750
400250
678000
100
375500
348500
724000
105
791000
268000
1059000
110
1479000
205500
1684500
115
2179500
146000
2325500
120
3001500
93500
3095000
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.