This page reflects CXW options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — CXW
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $33.00 (0.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$33.00
Nearest expiry
Expected Move
±$2.35
±7.0%
Days to Expiry
14
Calendar days
Total Call OI
4,936
Nearest expiry
Total Put OI
1,562
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$33.43
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$29.00
8/21/2026, 11:09:41 PM
2026-09-18
$21.00
9/18/2026, 11:09:46 PM
2026-10-16NextUpdated
$33.00
10/2/2026, 11:11:07 PM
2026-11-20
$28.00
10/2/2026, 11:11:07 PM
2026-12-18
$34.00
10/2/2026, 11:11:07 PM
2027-01-15
$25.00
10/2/2026, 11:11:07 PM
2027-03-19
$33.00
10/2/2026, 11:11:07 PM
Selected expiration: 2026-10-16 at max pain $33.00.
CXW pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
27
0
843900
843900
28
500
686600
687100
29
1200
529300
530500
30
2100
373000
375100
31
8500
262000
270500
32
32700
169800
202500
33
78100
92400
170500
34
188000
52100
240100
35
370200
18400
388600
36
573800
6000
579800
37
826000
3000
829000
38
1080600
2000
1082600
39
1427000
1000
1428000
40
1783700
0
1783700
41
2271700
0
2271700
42
2762600
0
2762600
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.