This page reflects ACI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — ACI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $12.00 (0.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$0.43
±3.6%
Days to Expiry
7
Calendar days
Total Call OI
322
Nearest expiry
Total Put OI
504
Nearest expiry
P/C OI Ratio
1.57
Put-heavy
Spot Price
$11.75
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
$12.00
9/25/2026, 11:01:37 PM
2026-10-02Updated
$11.50
10/2/2026, 11:01:29 PM
2026-10-09Next
$12.00
10/2/2026, 11:01:29 PM
2026-10-16
$12.00
10/2/2026, 11:01:29 PM
2026-10-23
$2.00
10/2/2026, 11:01:29 PM
2026-10-30
$11.00
10/2/2026, 11:01:29 PM
2026-11-06
$11.00
10/2/2026, 11:01:29 PM
2026-11-20
$12.00
10/2/2026, 11:01:29 PM
2027-01-15
$13.00
10/2/2026, 11:01:29 PM
2027-04-16
$13.00
10/2/2026, 11:01:29 PM
Selected expiration: 2026-10-09 at max pain $12.00.
ACI pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
498500
498500
3
1000
448100
449100
4
3600
397700
401300
5
6300
347300
353600
6
9300
296900
306200
7
12500
246500
259000
8
15900
196300
212200
9
19600
146200
165800
9.5
21550
121350
142900
10
23550
96500
120050
11
27650
46800
74450
11.5
29850
22650
52500
12
32500
100
32600
12.5
45350
50
45400
13
59200
0
59200
13.5
74900
0
74900
14
90700
0
90700
14.5
106700
0
106700
15
122700
0
122700
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.