Nearest listed expiration 2026-10-05 shows max pain at $327.50 (6.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$327.50
Nearest expiry
Expected Move
±$3.81
±1.1%
Days to Expiry
3
Calendar days
Total Call OI
31,805
Nearest expiry
Total Put OI
21,438
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$333.69
Published close
Consensus
8.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-05
Expiration
Max Pain Strike
Last Updated
2026-09-30
$332.50
9/30/2026, 11:01:26 PM
2026-10-02Updated
$330.00
10/2/2026, 11:01:33 PM
2026-10-05Next
$327.50
10/2/2026, 11:01:33 PM
2026-10-07
$330.00
10/2/2026, 11:01:33 PM
2026-10-09
$330.00
10/2/2026, 11:01:33 PM
2026-10-16
$320.00
10/2/2026, 11:01:33 PM
2026-10-23
$330.00
10/2/2026, 11:01:33 PM
2026-10-30
$330.00
10/2/2026, 11:01:33 PM
2026-11-06
$330.00
10/2/2026, 11:01:33 PM
2026-11-20
$310.00
10/2/2026, 11:01:33 PM
2026-12-18
$280.00
10/2/2026, 11:01:33 PM
2027-01-15
$280.00
10/2/2026, 11:01:33 PM
2027-02-19
$310.00
10/2/2026, 11:01:33 PM
2027-03-19
$320.00
10/2/2026, 11:01:33 PM
2027-04-16
$310.00
10/2/2026, 11:01:33 PM
2027-06-17
$280.00
10/2/2026, 11:01:33 PM
2027-09-17
$310.00
10/2/2026, 11:01:33 PM
Selected expiration: 2026-10-05 at max pain $327.50.
AAPL pain by strike for 2026-10-05 expiration
Strike
Call Pain
Put Pain
Total Pain
245
0
93645000
93645000
290
0
39928500
39928500
295
2000
34047000
34049000
300
19000
28363000
28382000
302.5
27500
25576250
25603750
305
36000
22801500
22837500
307.5
44500
20071750
20116250
310
53000
17358750
17411750
312.5
73000
14712250
14785250
315
93000
12111250
12204250
317.5
115500
9574250
9689750
320
145750
7168000
7313750
322.5
197750
5244250
5442000
325
259000
3440000
3699000
327.5
748500
2154000
2902500
330
1784000
1306500
3090500
332.5
5048250
823250
5871500
335
8919000
456500
9375500
337.5
13502500
194750
13697250
340
18529250
48250
18577500
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.