Nearest listed expiration 2026-07-10 shows max pain at $68.00 (0.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$68.00
Nearest expiry
Expected Move
±$2.78
±4.0%
Days to Expiry
8
Calendar days
Total Call OI
9,467
Nearest expiry
Total Put OI
6,256
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$68.60
Published close
Consensus
6.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$67.00
6/26/2026, 11:12:06 PM
2026-07-02
$66.00
7/2/2026, 11:11:01 PM
2026-07-10NextUpdated
$68.00
7/3/2026, 11:08:39 PM
2026-07-17
$72.00
7/3/2026, 11:08:39 PM
2026-07-24
$68.00
7/3/2026, 11:08:39 PM
2026-07-31
$67.00
7/3/2026, 11:08:39 PM
2026-08-07
$68.00
7/3/2026, 11:08:39 PM
2026-08-21
$68.00
7/3/2026, 11:08:39 PM
2026-09-18
$86.00
7/3/2026, 11:08:39 PM
2026-11-20
$80.00
7/3/2026, 11:08:39 PM
2026-12-18
$75.00
7/3/2026, 11:08:39 PM
2027-01-15
$72.00
7/3/2026, 11:08:39 PM
2027-03-19
$76.00
7/3/2026, 11:08:39 PM
2027-06-17
$74.00
7/3/2026, 11:08:39 PM
Selected expiration: 2026-07-10 at max pain $68.00.
CVNA pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
13860950
13860950
45
0
10736950
10736950
49
4800
8263750
8268550
49.5
5400
7956700
7962100
50
6000
7649800
7655800
51
7200
7047000
7054200
52
8400
6446700
6455100
53
9600
5848500
5858100
54
11000
5255700
5266700
55
12600
4667500
4680100
56
16200
4146500
4162700
57
19800
3664500
3684300
58
23400
3297100
3320500
59
27000
2940700
2967700
60
33800
2597400
2631200
61
44700
2279400
2324100
61.5
51650
2125350
2177000
62
59600
1971300
2030900
62.5
69150
1824750
1893900
63
79550
1679100
1758650
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.