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 Canopy Growth options about one week from expiration was $1.00. The chart above shows the exact max pain for each expiration date.

Canopy Growth closed above its near-term max pain on 1 of the last 20 trading days. On Nov 4, 2026 it closed at $0.75, 25.0% below max pain of $1.00.

Over the last 20 trading days, near-term max pain for Canopy Growth ranged from $0.50 to $1.00. It went from $1.00 on Oct 8, 2026 to $1.00 on Nov 4, 2026. See the CGC max pain history for a longer view.

Canopy Growth Corp is a cannabis company that produces, distributes, and sells a diverse range of cannabis and cannabis-related products for adult-use and medical purposes under a portfolio of distinct brands in Canada.