This page reflects AGNC 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 — AGNC
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $9.50 (0.71 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.50
Nearest expiry
Expected Move
±$0.31
±3.5%
Days to Expiry
7
Calendar days
Total Call OI
8,028
Nearest expiry
Total Put OI
18,998
Nearest expiry
P/C OI Ratio
2.37
Put-heavy
Spot Price
$8.79
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
$11.00
9/25/2026, 11:02:10 PM
2026-10-02Updated
$10.00
10/2/2026, 11:02:01 PM
2026-10-09Next
$9.50
10/2/2026, 11:02:01 PM
2026-10-16
$10.00
10/2/2026, 11:02:01 PM
2026-10-23
$9.50
10/2/2026, 11:02:01 PM
2026-10-30
$9.50
10/2/2026, 11:02:01 PM
2026-11-06
$9.50
10/2/2026, 11:02:01 PM
2026-11-20
$10.00
10/2/2026, 11:02:01 PM
2026-12-18
$10.00
10/2/2026, 11:02:01 PM
2027-01-15
$10.00
10/2/2026, 11:02:01 PM
2027-03-19
$10.00
10/2/2026, 11:02:01 PM
Selected expiration: 2026-10-09 at max pain $9.50.
AGNC pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
8170250
8170250
5.5
150
7220450
7220600
6
400
6270650
6271050
6.5
750
5320850
5321600
7
1150
4371050
4372200
7.5
1650
3421250
3422900
8
2300
2471450
2473750
8.5
3350
1521650
1525000
9
35900
571850
607750
9.5
211750
23700
235450
10
479700
8050
487750
10.5
764250
450
764700
11
1119700
0
1119700
11.5
1514650
0
1514650
12
1915350
0
1915350
12.5
2316450
0
2316450
13
2717550
0
2717550
13.5
3118750
0
3118750
15.5
4724350
0
4724350
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.