Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for COPT Defense Properties options about one week from expiration was $22.72. The chart above shows the exact max pain for each expiration date.

COPT Defense Properties closed above its near-term max pain on 1 of the last 20 trading days. On Nov 4, 2026 it closed at $33.12, 45.8% above max pain of $22.72.

Over the last 20 trading days, near-term max pain for COPT Defense Properties ranged from $22.72 to $37.09. It went from $35.00 on Oct 8, 2026 to $22.72 on Nov 4, 2026. See the CDP max pain history for a longer view.

COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S.