Nearest listed expiration 2026-05-22 shows max pain at $69.00 (5.65 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$69.00
Nearest expiry
Expected Move
±$3.61
±5.7%
Days to Expiry
3
Calendar days
Total Call OI
50,400
Nearest expiry
Total Put OI
34,194
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$63.35
Published close
Consensus
6.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$382.50
5/8/2026, 11:11:03 PM
2026-05-15
$80.00
5/15/2026, 11:12:57 PM
2026-05-22NextUpdated
$69.00
5/19/2026, 11:11:47 PM
2026-05-29
$72.00
5/19/2026, 11:11:47 PM
2026-06-05
$73.00
5/19/2026, 11:11:47 PM
2026-06-12
$71.00
5/19/2026, 11:11:47 PM
2026-06-18
$80.00
5/19/2026, 11:11:47 PM
2026-06-26
$71.00
5/19/2026, 11:11:47 PM
2026-07-17
$80.00
5/19/2026, 11:11:47 PM
2026-08-21
$78.00
5/19/2026, 11:11:47 PM
2026-09-18
$100.00
5/19/2026, 11:11:47 PM
2026-11-20
$78.00
5/19/2026, 11:11:47 PM
2026-12-18
$78.00
5/19/2026, 11:11:47 PM
2027-01-15
$74.00
5/19/2026, 11:11:47 PM
2027-03-19
$76.00
5/19/2026, 11:11:47 PM
Selected expiration: 2026-05-22 at max pain $69.00.
CVNA pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
203635350
203635350
31
200
200233050
200233250
32
500
196837250
196837750
33
900
193569450
193570350
34
2300
190347150
190349450
35
3700
187132950
187136650
36
5100
183921450
183926550
37
8100
180722350
180730450
38
11100
177526250
177537350
39
14100
174355150
174369250
40
17100
171185550
171202650
41
20100
168065950
168086050
42
23100
164951350
164974450
43
26100
161839750
161865850
44
29100
158730450
158759550
45
32100
155627050
155659150
46
35100
152532650
152567750
47
38100
149680750
149718850
48
41100
146829350
146870450
49
46600
144013950
144060550
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.