This page reflects APH 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 — APH
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $87.50 (0.54 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$87.50
Nearest expiry
Expected Move
±$5.15
±5.9%
Days to Expiry
14
Calendar days
Total Call OI
46,118
Nearest expiry
Total Put OI
91,291
Nearest expiry
P/C OI Ratio
1.98
Put-heavy
Spot Price
$86.96
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
$140.00
8/21/2026, 11:03:38 PM
2026-09-18
$82.50
9/18/2026, 11:03:40 PM
2026-10-16NextUpdated
$87.50
10/2/2026, 11:03:37 PM
2026-11-20
$80.00
10/2/2026, 11:03:37 PM
2026-12-18
$75.00
10/2/2026, 11:03:37 PM
2027-01-15
$72.50
10/2/2026, 11:03:37 PM
2027-03-19
$77.50
10/2/2026, 11:03:37 PM
2027-04-16
$80.00
10/2/2026, 11:03:37 PM
2027-06-17
$92.50
10/2/2026, 11:03:37 PM
2027-09-17
$82.50
10/2/2026, 11:03:37 PM
Selected expiration: 2026-10-16 at max pain $87.50.
APH pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
453672500
453672500
35
0
430851750
430851750
37.5
0
408031000
408031000
40
500
385210250
385210750
42.5
1000
362389500
362390500
45
1500
339568750
339570250
47.5
4000
316756500
316760500
50
6500
293952250
293958750
52.5
13250
271251500
271264750
55
22250
248622500
248644750
57.5
65250
226242750
226308000
60
114000
203907500
204021500
62.5
166250
181942500
182108750
65
221500
160064000
160285500
67.5
363250
141754250
142117500
70
648500
133603500
134252000
72.5
967750
125747500
126715250
75
1337750
118855750
120193500
77.5
1856750
112440750
114297500
80
2728000
106546750
109274750
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.