Max Pain — CVX
Data as of market close Apr 2, 2026
CVX Max Pain Data
- Max Pain Strike
- $202.50
- Expected Move
- ±$7.00 (±3.5%)
- Days to Expiry
- 8
- Total Call OI
- 19,164
- Total Put OI
- 5,714
- Put/Call OI Ratio
- 0.30
- Spot Price
- $198.97
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $202.50 | 3/27/2026, 2:20:12 PM |
| 2026-04-02 | $205.00 | 4/1/2026, 6:32:13 PM |
| 2026-04-10 | $202.50 | 4/3/2026, 12:18:10 AM |
| 2026-04-17 | $190.00 | 4/3/2026, 12:18:10 AM |
| 2026-04-24 | $200.00 | 4/3/2026, 12:18:10 AM |
| 2026-05-01 | $205.00 | 4/3/2026, 12:18:10 AM |
| 2026-05-08 | $205.00 | 4/3/2026, 12:18:10 AM |
| 2026-05-15 | $180.00 | 4/3/2026, 12:18:10 AM |
| 2026-06-18 | $175.00 | 4/3/2026, 12:18:10 AM |
| 2026-09-18 | $175.00 | 4/3/2026, 12:18:10 AM |
| 2026-12-18 | $165.00 | 4/3/2026, 12:18:10 AM |
| 2027-01-15 | $170.00 | 4/3/2026, 12:18:10 AM |
| 2027-03-19 | $185.00 | 4/3/2026, 12:18:10 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 130 | 0 | 35091250 | 35091250 |
| 140 | 0 | 29460250 | 29460250 |
| 145 | 500 | 26644750 | 26645250 |
| 150 | 1000 | 23829750 | 23830750 |
| 155 | 37000 | 21036750 | 21073750 |
| 160 | 75500 | 18290750 | 18366250 |
| 165 | 115500 | 15653750 | 15769250 |
| 170 | 160000 | 13028250 | 13188250 |
| 175 | 211000 | 10599750 | 10810750 |
| 177.5 | 240000 | 9464250 | 9704250 |
| 180 | 269000 | 8334750 | 8603750 |
| 182.5 | 299750 | 7259750 | 7559500 |
| 185 | 331000 | 6206250 | 6537250 |
| 187.5 | 373000 | 5253500 | 5626500 |
| 190 | 415500 | 4333500 | 4749000 |
| 192.5 | 501000 | 3531250 | 4032250 |
| 195 | 628000 | 2780250 | 3408250 |
| 197.5 | 860750 | 2115500 | 2976250 |
| 200 | 1141500 | 1500500 | 2642000 |
| 202.5 | 1609250 | 966250 | 2575500 |
View max pain levels for CVX options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.