This page reflects APA 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 — APA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $43.00 (0.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.00
Nearest expiry
Expected Move
±$2.02
±4.6%
Days to Expiry
7
Calendar days
Total Call OI
1,431
Nearest expiry
Total Put OI
919
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$43.68
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$44.00
9/25/2026, 11:03:07 PM
2026-10-02Updated
$44.50
10/2/2026, 11:02:51 PM
2026-10-09Next
$43.00
10/2/2026, 11:02:51 PM
2026-10-16
$40.00
10/2/2026, 11:02:51 PM
2026-10-23
$45.00
10/2/2026, 11:02:51 PM
2026-10-30
$45.00
10/2/2026, 11:02:51 PM
2026-11-06
$34.00
10/2/2026, 11:02:51 PM
2026-11-20
$42.50
10/2/2026, 11:02:51 PM
2026-12-18
$35.00
10/2/2026, 11:02:51 PM
2027-01-15
$20.00
10/2/2026, 11:02:51 PM
2027-03-19
$40.00
10/2/2026, 11:02:51 PM
2027-04-16
$42.50
10/2/2026, 11:02:51 PM
Selected expiration: 2026-10-09 at max pain $43.00.
APA pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
1483100
1483100
30
0
1025100
1025100
32
0
843300
843300
33
1200
753100
754300
34
2500
663000
665500
35
4500
575300
579800
36
6600
491100
497700
37
9700
409900
419600
38
12800
330600
343400
39
17000
256900
273900
40
21200
191500
212700
40.5
23750
167750
191500
41
28200
145100
173300
41.5
32800
123650
156450
42
37550
102200
139750
42.5
44300
84150
128450
43
56600
67800
124400
43.5
73300
54200
127500
44
92000
40700
132700
44.5
113250
29000
142250
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.