This page reflects ACAD 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 — ACAD
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $22.00 (1.89 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$1.07
±5.3%
Days to Expiry
11
Calendar days
Total Call OI
38,041
Nearest expiry
Total Put OI
9,749
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$20.11
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$24.00
8/21/2026, 11:01:30 PM
2026-09-18
$29.00
9/18/2026, 11:01:29 PM
2026-10-16NextUpdated
$22.00
10/5/2026, 11:01:18 PM
2026-11-20
$26.00
10/5/2026, 11:01:18 PM
2026-12-18
$25.00
10/5/2026, 11:01:18 PM
2027-01-15
$20.00
10/5/2026, 11:01:18 PM
2027-03-19
$20.00
10/5/2026, 11:01:18 PM
Selected expiration: 2026-10-16 at max pain $22.00.
ACAD pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
9131700
9131700
15
6100
8156800
8162900
18
24400
5232400
5256800
19
30500
4259000
4289500
20
36700
3314500
3351200
21
44100
2491600
2535700
22
451800
2018200
2470000
23
1160400
1558300
2718700
24
2145200
1109100
3254300
25
3131200
661500
3792700
26
4346900
214400
4561300
27
5564900
12100
5577000
28
7179300
7800
7187100
29
9328800
3500
9332300
30
11685400
0
11685400
31
14182300
0
14182300
32
16703400
0
16703400
33
19770100
0
19770100
34
23188300
0
23188300
35
26612600
0
26612600
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.