This page reflects AAP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — AAP
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-09 shows max pain at $39.50 (0.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$39.50
Nearest expiry
Expected Move
±$1.60
±4.0%
Days to Expiry
4
Calendar days
Total Call OI
1,060
Nearest expiry
Total Put OI
635
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$39.65
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$42.00
9/25/2026, 11:01:18 PM
2026-10-02
$40.00
10/2/2026, 11:01:08 PM
2026-10-09NextUpdated
$39.50
10/5/2026, 11:00:59 PM
2026-10-16
$42.50
10/5/2026, 11:00:59 PM
2026-10-23
$43.00
10/5/2026, 11:00:59 PM
2026-10-30
$41.00
10/5/2026, 11:00:59 PM
2026-11-06
$40.00
10/5/2026, 11:00:59 PM
2026-11-13
$42.00
10/5/2026, 11:00:59 PM
2026-11-20
$42.50
10/5/2026, 11:00:59 PM
2026-12-18
$45.00
10/5/2026, 11:00:59 PM
2027-01-15
$42.50
10/5/2026, 11:00:59 PM
2027-03-19
$52.50
10/5/2026, 11:00:59 PM
2027-06-17
$47.50
10/5/2026, 11:00:59 PM
2027-09-17
$40.00
10/5/2026, 11:00:59 PM
Selected expiration: 2026-10-09 at max pain $39.50.
AAP pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
34
0
303200
303200
35
0
239900
239900
36
0
179700
179700
36.5
5650
153750
159400
37
17050
128550
145600
37.5
28550
104600
133150
38
40100
82650
122750
38.5
52000
63150
115150
39
64000
47300
111300
39.5
76800
34150
110950
40
90750
24800
115550
40.5
109900
20000
129900
41
132850
15600
148450
41.5
160500
13000
173500
42
188550
10550
199100
42.5
220600
8800
229400
43
253650
7100
260750
43.5
288850
5800
294650
44
324500
4850
329350
44.5
361150
4350
365500
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.