This page reflects AON 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 — AON
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $300.00 (30.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$300.00
Nearest expiry
Expected Move
±$11.35
±4.2%
Days to Expiry
14
Calendar days
Total Call OI
2,781
Nearest expiry
Total Put OI
1,933
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$269.45
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
$350.00
8/21/2026, 11:03:11 PM
2026-09-18
$320.00
9/18/2026, 11:03:05 PM
2026-10-16NextUpdated
$300.00
10/2/2026, 11:02:38 PM
2026-11-20
$310.00
10/2/2026, 11:02:38 PM
2026-12-18
$280.00
10/2/2026, 11:02:38 PM
2027-01-15
$310.00
10/2/2026, 11:02:38 PM
2027-04-16
$300.00
10/2/2026, 11:02:38 PM
Selected expiration: 2026-10-16 at max pain $300.00.
AON pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
195
0
17545500
17545500
200
1000
16581000
16582000
210
3000
14658000
14661000
220
7000
12735000
12742000
230
11000
10816000
10827000
240
16000
8897000
8913000
250
25000
6985000
7010000
260
53000
5110000
5163000
270
81000
3495000
3576000
280
134000
2058000
2192000
290
276000
1092000
1368000
300
656000
319000
975000
310
1198000
104000
1302000
320
1890000
63000
1953000
330
2732000
34000
2766000
340
3728000
16000
3744000
350
4806000
6000
4812000
360
6060000
2000
6062000
370
7701000
1000
7702000
380
9421000
0
9421000
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.