This page reflects AIR 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 — AIR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $105.00 (2.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$7.67
±7.5%
Days to Expiry
14
Calendar days
Total Call OI
1,295
Nearest expiry
Total Put OI
472
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$102.51
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
$120.00
8/21/2026, 11:02:16 PM
2026-09-18
$125.00
9/18/2026, 11:02:04 PM
2026-10-16NextUpdated
$105.00
10/2/2026, 11:02:13 PM
2026-11-20
$115.00
10/2/2026, 11:02:13 PM
2026-12-18
$105.00
10/2/2026, 11:02:13 PM
2027-02-19
$130.00
10/2/2026, 11:02:13 PM
2027-05-21
$70.00
10/2/2026, 11:02:13 PM
Selected expiration: 2026-10-16 at max pain $105.00.
AIR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
650000
650000
90
0
425000
425000
95
0
250000
250000
100
0
122500
122500
105
2000
47500
49500
110
51500
12000
63500
115
139000
4500
143500
120
370000
0
370000
125
759500
0
759500
130
1190500
0
1190500
135
1637500
0
1637500
140
2102500
0
2102500
145
2572000
0
2572000
150
3046500
0
3046500
160
4025500
0
4025500
165
4671500
0
4671500
170
5318000
0
5318000
175
5964500
0
5964500
180
6612000
0
6612000
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.