Nearest listed expiration 2026-08-21 shows max pain at $66.00 (4.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$66.00
Nearest expiry
Expected Move
±$3.70
±5.3%
Days to Expiry
4
Calendar days
Total Call OI
199,040
Nearest expiry
Total Put OI
133,331
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$70.09
Published close
Consensus
6.0/10
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
2026-08-07
$61.00
8/7/2026, 11:11:53 PM
2026-08-14
$71.00
8/14/2026, 11:10:16 PM
2026-08-21NextUpdated
$66.00
8/17/2026, 11:11:17 PM
2026-08-28
$75.00
8/17/2026, 11:11:17 PM
2026-09-04
$70.00
8/17/2026, 11:11:17 PM
2026-09-11
$71.00
8/17/2026, 11:11:17 PM
2026-09-18
$74.00
8/17/2026, 11:11:17 PM
2026-09-25
$66.00
8/17/2026, 11:11:17 PM
2026-10-02
$73.00
8/17/2026, 11:11:17 PM
2026-11-20
$76.00
8/17/2026, 11:11:17 PM
2026-12-18
$70.00
8/17/2026, 11:11:17 PM
2027-01-15
$72.00
8/17/2026, 11:11:17 PM
2027-02-19
$70.00
8/17/2026, 11:11:17 PM
2027-03-19
$74.00
8/17/2026, 11:11:17 PM
2027-06-17
$74.00
8/17/2026, 11:11:17 PM
Selected expiration: 2026-08-21 at max pain $66.00.
CVNA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
29
0
509186550
509186550
30
800
495881050
495881850
31
3200
482621550
482624750
32
5600
469391950
469397550
33
8000
456176850
456184850
34
10500
442968950
442979450
35
13000
429772550
429785550
36
16300
416644450
416660750
37
19600
403546950
403566550
38
27600
390487050
390514650
39
36800
377456650
377493450
40
46000
364477950
364523950
42
90400
339494750
339585150
44
169800
315720950
315890750
45
220300
303909850
304130150
46
271100
292223950
292495050
48
389500
271587750
271977250
50
531700
251241150
251772850
52
747300
232582150
233329450
53
876900
223923650
224800550
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.