This page reflects AER 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 — AER
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $145.00 (0.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$5.00
±3.5%
Days to Expiry
14
Calendar days
Total Call OI
1,206
Nearest expiry
Total Put OI
702
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$144.34
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
$150.00
8/21/2026, 11:01:56 PM
2026-09-18
$140.00
9/18/2026, 11:02:41 PM
2026-10-16NextUpdated
$145.00
10/2/2026, 11:02:02 PM
2026-11-20
$145.00
10/2/2026, 11:02:02 PM
2027-01-15
$85.00
10/2/2026, 11:02:02 PM
2027-04-16
$120.00
10/2/2026, 11:02:02 PM
Selected expiration: 2026-10-16 at max pain $145.00.
AER pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
4425500
4425500
80
0
4074500
4074500
90
0
3372500
3372500
100
0
2671500
2671500
105
0
2323500
2323500
110
0
1975500
1975500
115
500
1627500
1628000
120
3500
1285000
1288500
125
14500
949500
964000
130
26000
645500
671500
135
38000
372000
410000
140
51500
138500
190000
145
69500
27500
97000
150
135000
7000
142000
155
309000
4000
313000
160
543500
1500
545000
165
966000
500
966500
170
1490000
0
1490000
175
2026500
0
2026500
180
2618000
0
2618000
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.