thetaOwl

ADBE

Adobe Inc.Close $237.69EOD only
Max Pain
$247.50
Next expiry Oct 9, 2026
Expected Move
±$9.43
4.0% from close
Price Gap
+9.81
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.70
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects ADBE 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 — ADBE
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $247.50 (9.81 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$247.50
Nearest expiry
Expected Move
±$9.43
±4.0%
Days to Expiry
7
Calendar days
Total Call OI
9,541
Nearest expiry
Total Put OI
4,969
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$237.69
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$242.509/25/2026, 11:02:14 PM
2026-10-02Updated$240.0010/2/2026, 11:01:40 PM
2026-10-09Next$247.5010/2/2026, 11:01:40 PM
2026-10-16$250.0010/2/2026, 11:01:40 PM
2026-10-23$250.0010/2/2026, 11:01:40 PM
2026-10-30$260.0010/2/2026, 11:01:40 PM
2026-11-06$245.0010/2/2026, 11:01:40 PM
2026-11-20$255.0010/2/2026, 11:01:40 PM
2026-12-18$245.0010/2/2026, 11:01:40 PM
2027-01-15$270.0010/2/2026, 11:01:40 PM
2027-02-19$250.0010/2/2026, 11:01:40 PM
2027-03-19$250.0010/2/2026, 11:01:40 PM
2027-04-16$260.0010/2/2026, 11:01:40 PM
2027-06-17$260.0010/2/2026, 11:01:40 PM
2027-09-17$250.0010/2/2026, 11:01:40 PM
Selected expiration: 2026-10-09 at max pain $247.50.
ADBE pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
14004411775044117750
17502673325026733250
1805002424975024250250
18525002180125021803750
19050001935325019358250
19575001690775016915250
200100001455225014562250
205130001232175012334750
210180001020025010218250
2153200082957508327750
217.53900074510007490000
2204600066222506668250
222.57350059360006009500
22510100052575005358500
227.513625046445004780750
23017975040460004225750
232.524575035537503799500
23532975030697503399500
237.542775026420003069750
24054150022497502791250
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.