This page reflects AME 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 — AME
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $240.00 (11.93 below 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
±$9.10
±3.6%
Days to Expiry
14
Calendar days
Total Call OI
2,846
Nearest expiry
Total Put OI
1,279
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$251.93
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
$230.00
8/21/2026, 11:02:43 PM
2026-09-18
$240.00
9/18/2026, 11:02:21 PM
2026-10-16NextUpdated
$240.00
10/2/2026, 11:02:50 PM
2026-11-20
$240.00
10/2/2026, 11:02:50 PM
2026-12-18
$220.00
10/2/2026, 11:02:50 PM
2027-03-19
$230.00
10/2/2026, 11:02:50 PM
Selected expiration: 2026-10-16 at max pain $240.00.
AME pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
5912500
5912500
190
0
4633500
4633500
195
0
3995000
3995000
200
0
3357000
3357000
210
0
2084000
2084000
220
2000
835000
837000
230
6000
382000
388000
240
100000
118000
218000
250
458000
0
458000
260
2492000
0
2492000
270
4899000
0
4899000
280
7728000
0
7728000
290
10564000
0
10564000
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.