This page reflects ALL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — ALL
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $230.00 (5.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$9.07
±4.0%
Days to Expiry
11
Calendar days
Total Call OI
3,618
Nearest expiry
Total Put OI
5,467
Nearest expiry
P/C OI Ratio
1.51
Put-heavy
Spot Price
$224.71
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
$260.00
8/21/2026, 11:02:06 PM
2026-09-18
$250.00
9/18/2026, 11:02:27 PM
2026-10-16NextUpdated
$230.00
10/5/2026, 11:02:18 PM
2026-11-20
$240.00
10/5/2026, 11:02:18 PM
2026-12-18
$230.00
10/5/2026, 11:02:18 PM
2027-01-15
$230.00
10/5/2026, 11:02:18 PM
2027-03-19
$220.00
10/5/2026, 11:02:18 PM
2027-04-16
$230.00
10/5/2026, 11:02:18 PM
2027-06-17
$250.00
10/5/2026, 11:02:18 PM
2027-09-17
$200.00
10/5/2026, 11:02:18 PM
Selected expiration: 2026-10-16 at max pain $230.00.
ALL pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
50002500
50002500
130
0
47272500
47272500
135
0
44544000
44544000
140
0
41816500
41816500
145
0
39089000
39089000
150
0
36361500
36361500
155
0
33639000
33639000
160
0
30918500
30918500
165
0
28203500
28203500
170
0
25488500
25488500
175
0
22773500
22773500
180
0
20062500
20062500
185
0
17362000
17362000
190
0
14779500
14779500
195
1500
12247500
12249000
200
9500
9726000
9735500
210
48500
4849000
4897500
220
150500
2390000
2540500
230
364500
738000
1102500
240
1593500
65000
1658500
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.