COHR max pain

From the closing options book · October 20, 2026 · updated after every close

COHR's max pain for the October 23, 2026 expiration was 252.5 at the October 20, 2026 close, +8.9% from COHR's 231.80 close. Max pain is the price at which option holders' total intrinsic value at expiry would be smallest.

252.5
Max pain
Oct 23 expiry
231.80
Close
+8.9% to max pain
3.06
Put/call OI
1.14
Put/call volume

COHR close vs max pain, last 20 sessions

SessionCloseMax painGap
Oct 20231.80252.5+8.9%
Oct 19232.02255+9.9%
Oct 16232.90265+13.8%
Oct 15250.60290+15.7%
Oct 14263.32295+12.0%
Oct 13289.98307.5+6.0%
Oct 12288.02310+7.6%
Oct 9312.62310−0.8%
Oct 8302.35315+4.2%
Oct 7334.56315−5.8%
Oct 6338.36315−6.9%
Oct 5333.64307.5−7.8%
Oct 2337.04292.5−13.2%
Oct 1319.19290−9.1%
Sep 30287.81290+0.8%
Sep 29292.21290−0.8%
Sep 28282.45295+4.4%
Sep 25295.83295−0.3%
Sep 24290.61305+5.0%
Sep 23300.60307.5+2.3%

The session before, max pain sat at 255.

Open interest within 45 days stood at 11,176 calls and 34,235 puts, a put/call ratio of 3.06. On the day, 4,271 calls and 4,870 puts traded.

Max pain is a property of the open-interest book, not a forecast: price has no obligation to finish there, and on most days it does not. It is most useful as a reference for where the expiring book is balanced.

These are the October 20, 2026 closing numbers. Members see COHR's map move live all session.

Common questions

What is COHR's max pain?

252.5 for the October 23, 2026 expiration, from open interest at the October 20, 2026 close.

What is COHR's put/call ratio?

By open interest 3.06; by volume 1.14 on October 20, 2026.

Does COHR close at max pain?

Not reliably. Max pain describes where the expiring options book is balanced; it is a reference level, not a prediction.

Compare: max pain on other tickers

Measured from the closing options book and rebuilt after every close. Nothing on this page is live. Levels are where dealer hedging is concentrated, not targets or forecasts. Not investment advice.