This page reflects AJG 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 — AJG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $240.00 (13.89 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$11.65
±5.2%
Days to Expiry
14
Calendar days
Total Call OI
5,600
Nearest expiry
Total Put OI
1,728
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$226.11
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
$240.00
8/21/2026, 11:02:29 PM
2026-09-18
$250.00
9/18/2026, 11:02:09 PM
2026-10-16NextUpdated
$240.00
10/2/2026, 11:01:49 PM
2026-11-20
$250.00
10/2/2026, 11:01:49 PM
2026-12-18
$220.00
10/2/2026, 11:01:49 PM
2027-01-15
$230.00
10/2/2026, 11:01:49 PM
2027-04-16
$240.00
10/2/2026, 11:01:49 PM
Selected expiration: 2026-10-16 at max pain $240.00.
AJG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
16780500
16780500
130
0
14188500
14188500
135
0
13324500
13324500
140
0
12460500
12460500
145
0
11597000
11597000
155
0
9870000
9870000
160
0
9006500
9006500
165
0
8143500
8143500
170
0
7281000
7281000
175
0
6418500
6418500
180
0
5754500
5754500
185
0
5090500
5090500
190
0
4475000
4475000
195
0
3859500
3859500
200
5000
3257000
3262000
210
81000
2160000
2241000
220
170000
1292000
1462000
230
327000
596000
923000
240
686000
177000
863000
250
1246000
28000
1274000
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.