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 Chesapeake Utilities options about one week from expiration was $127.15. The chart above shows the exact max pain for each expiration date.

Chesapeake Utilities closed above its near-term max pain on 14 of the last 20 trading days. On Nov 4, 2026 it closed at $141.85, 11.6% above max pain of $127.15.

Over the last 20 trading days, near-term max pain for Chesapeake Utilities ranged from $127.15 to $130.98. It went from $130.03 on Oct 8, 2026 to $127.15 on Nov 4, 2026. See the CPK max pain history for a longer view.

Chesapeake Utilities Corp is an energy delivery company engaged in the distribution of natural gas, electricity, and propane; the transmission of natural gas; the generation of electricity and steam; and providing mobile compressed natural gas and other energy-related services to its customers.