This page reflects AN 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 — AN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $175.00 (12.54 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$9.53
±5.9%
Days to Expiry
14
Calendar days
Total Call OI
371
Nearest expiry
Total Put OI
2,230
Nearest expiry
P/C OI Ratio
6.01
Put-heavy
Spot Price
$162.46
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
$195.00
8/21/2026, 11:03:14 PM
2026-09-18
$210.00
9/18/2026, 11:02:59 PM
2026-10-16NextUpdated
$175.00
10/2/2026, 11:02:54 PM
2026-11-20
$195.00
10/2/2026, 11:02:54 PM
2027-01-15
$180.00
10/2/2026, 11:02:54 PM
2027-04-16
$170.00
10/2/2026, 11:02:54 PM
Selected expiration: 2026-10-16 at max pain $175.00.
AN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
13323000
13323000
120
0
9978000
9978000
125
0
8863000
8863000
130
0
7748000
7748000
135
500
6636000
6636500
140
1000
5538500
5539500
145
1500
4572500
4574000
150
2000
3608500
3610500
155
3000
2708000
2711000
160
4000
1810000
1814000
165
6000
924000
930000
170
14000
62500
76500
175
29000
26000
55000
180
61000
8000
69000
185
206000
4500
210500
190
353500
4000
357500
195
505000
3500
508500
200
660000
3000
663000
210
976000
2000
978000
220
1299000
1000
1300000
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.