This page reflects APLD 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 — APLD
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $25.00 (0.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$3.35
±13.2%
Days to Expiry
7
Calendar days
Total Call OI
27,113
Nearest expiry
Total Put OI
24,444
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$25.38
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
$26.50
9/25/2026, 11:04:21 PM
2026-10-02Updated
$25.00
10/2/2026, 11:03:02 PM
2026-10-09Next
$25.00
10/2/2026, 11:03:02 PM
2026-10-16
$28.00
10/2/2026, 11:03:02 PM
2026-10-23
$25.00
10/2/2026, 11:03:02 PM
2026-10-30
$25.00
10/2/2026, 11:03:02 PM
2026-11-06
$25.00
10/2/2026, 11:03:02 PM
2026-11-20
$25.00
10/2/2026, 11:03:02 PM
2027-01-15
$20.00
10/2/2026, 11:03:02 PM
2027-04-16
$26.00
10/2/2026, 11:03:02 PM
2027-06-17
$30.00
10/2/2026, 11:03:02 PM
Selected expiration: 2026-10-09 at max pain $25.00.
APLD pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
16
0
18722800
18722800
17
1900
16279200
16281100
18
4200
13838700
13842900
19
13000
11401600
11414600
20
27200
9122000
9149200
21
45700
7161100
7206800
21.5
55300
6222250
6277550
22
65550
5295300
5360850
22.5
95050
4405250
4500300
23
144600
3556850
3701450
23.5
215700
2782900
2998600
24
290150
2025900
2316050
24.5
379700
1506000
1885700
25
560050
1064850
1624900
25.5
796900
853100
1650000
26
1045200
649800
1695000
26.5
1404050
491450
1895500
27
1810000
367550
2177550
27.5
2307650
277350
2585000
28
2852800
194450
3047250
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.