This page reflects APG 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 — APG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $40.00 (0.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.45
±6.0%
Days to Expiry
14
Calendar days
Total Call OI
13,407
Nearest expiry
Total Put OI
8,373
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$40.48
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
$40.00
8/21/2026, 11:02:33 PM
2026-09-18
$37.00
9/18/2026, 11:03:31 PM
2026-10-16NextUpdated
$40.00
10/2/2026, 11:02:54 PM
2026-11-20
$37.00
10/2/2026, 11:02:54 PM
2027-01-15
$40.00
10/2/2026, 11:02:54 PM
2027-04-16
$36.00
10/2/2026, 11:02:54 PM
Selected expiration: 2026-10-16 at max pain $40.00.
APG pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
4247300
4247300
33
300
1735400
1735700
34
500
1398700
1399200
35
700
1064500
1065200
36
900
731000
731900
37
1100
398100
399200
38
3200
66800
70000
39
6100
42000
48100
40
9300
17700
27000
41
13800
14200
28000
42
19800
11900
31700
43
27700
9600
37300
44
37700
7300
45000
45
52900
5000
57900
46
85800
4000
89800
47
124400
3000
127400
48
1458500
2000
1460500
49
2792600
1000
2793600
50
4132300
0
4132300
55
10830800
0
10830800
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.