This page reflects AIP 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 — AIP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $25.00 (0.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$2.92
±11.9%
Days to Expiry
14
Calendar days
Total Call OI
1,136
Nearest expiry
Total Put OI
727
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$24.66
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
$30.00
8/21/2026, 11:02:26 PM
2026-09-18
$25.00
9/18/2026, 11:02:02 PM
2026-10-16NextUpdated
$25.00
10/2/2026, 11:02:21 PM
2026-11-20
$22.50
10/2/2026, 11:02:21 PM
2027-01-15
$10.00
10/2/2026, 11:02:21 PM
2027-04-16
$30.00
10/2/2026, 11:02:21 PM
Selected expiration: 2026-10-16 at max pain $25.00.
AIP pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1362750
1362750
5
18500
1181000
1199500
10
55500
883000
938500
12.5
74000
734000
808000
15
92500
585250
677750
17.5
112250
436500
548750
20
133000
303000
436000
22.5
159250
195500
354750
25
198250
93000
291250
30
459750
16000
475750
35
826750
11500
838250
40
1245250
7000
1252250
45
1663750
4500
1668250
50
2162250
3000
2165250
55
2686250
1500
2687750
60
3237750
0
3237750
70
4369750
0
4369750
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.