This page reflects ACM 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 — ACM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $65.00 (5.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$3.45
±5.8%
Days to Expiry
14
Calendar days
Total Call OI
1,687
Nearest expiry
Total Put OI
1,201
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$59.66
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
$65.00
8/21/2026, 11:01:33 PM
2026-09-18
$65.00
9/18/2026, 11:01:54 PM
2026-10-16NextUpdated
$65.00
10/2/2026, 11:01:44 PM
2026-11-20
$60.00
10/2/2026, 11:01:44 PM
2026-12-18
$70.00
10/2/2026, 11:01:44 PM
2027-03-19
$65.00
10/2/2026, 11:01:44 PM
2027-05-21
$55.00
10/2/2026, 11:01:44 PM
Selected expiration: 2026-10-16 at max pain $65.00.
ACM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
3435250
3435250
47.5
750
2534500
2535250
50
1000
2234250
2235250
55
1500
1637250
1638750
57.5
2500
1355250
1357750
60
3500
1077000
1080500
62.5
101000
833250
934250
65
216250
653500
869750
67.5
378000
495500
873500
70
578500
384250
962750
72.5
817000
295000
1112000
75
1061500
205750
1267250
77.5
1348000
185250
1533250
80
1642000
164750
1806750
82.5
1971750
147250
2119000
85
2319500
129750
2449250
87.5
2705250
112250
2817500
90
3100750
94750
3195500
92.5
3496250
77250
3573500
95
3894250
60000
3954250
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.